Crowdfunding to deliver La Favorita’s growth
The Edinburgh-based company – a separate entity from the city’s La Favorita Restaurant – wants to raise between £200,000 and £400,000 on the InvestingZone platform.
Up to 10 per cent of the company is being offered to investors, with the money earmarked for a move first to the west coast and eventually south of the Border.
The plan envisages La Favorita Delivered operating from 50 bases around the UK within five years.
Behind La Favorita Delivered’s expansion plans is private equity financier and founder of Better Capital, Jon Moulton.
He said that crowdfunding platforms such as InvestingZone were making expansion possible for many UK firms.
Moulton said: “A real opportunity for a new method of raising money at a sensible cost has appeared.
“Poor returns on savings, coupled with great tax incentives, make unlisted equities an attractive proposition.”
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