Less than two weeks after launching its equity crowdfunding campaign on Crowdcube, Gozney, a British manufacturer of professional wood and gas stone ovens, has not only surpassed its initial £500,000, it has also raised more than £1.2 million in funding from nearly 475 investors. The company is currently offering 5.93% of equity with a £19,800,000 valuation.
As previously reported, Gozney claims it is the UK market leader in premium restaurant pizza ovens and residential fire and stone ovens. The company also claims to be a trusted partner of the best in the industry, boasting an impressive client list including Franco Manca, Pizza Pilgrims, and Homeslice. Gozney explained its growth was fuelled by the 2016 launch of Roccbox, a portable fire and stone oven.
In addition to supporting international expansion, the campaign funding will focus on new product development, building on the success of Roccbox and other leading oven ranges. This includes a range of premium-grade ovens with an application for home and restaurant use, as well as a disruptive range of related, but unique products for outdoor dining and the B2B market. Tom Gozney, Founder and CEO at Gozney, recently shared:
“We’re confident that this crowdfunding campaign will take us one step closer to realising our ambitions by enabling the delivery of the products our consumers want. It also gives our audiences the opportunity to become an integral part of the company’s future and success. We truly believe that Gozney ovens are inspiring a food revolution and with new markets opening and products in the pipeline – the future of Gozney is looking bright.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!