Managed marketplace Kitchup smashes its £100k crowdfunding target
Kitchup, the UK’s first online managed marketplace for kitchen space, has exceeded its £100k crowdfunding target to help fund its expansion and development of its technology.
The equity campaign on Seedrs has now closed, raising a total of £108,855 from 112 investors.
Founded by twin entrepreneurs Emma and Charlie Jones in October 2015, Kitchup matches underused commercial kitchens with food businesses. Users are able to find and book affordable and flexible space, whilst kitchen hosts earn income from offering their kitchen.
Commenting on the crowdfunding campaign, Kitchup’s co-founder Emma Jones, said: “We are delighted to have overfunded with over 100 investors who share our vision.
“It’s great validation of the business and we are excited and energised for the future. The funds will be used to develop our technology and grow the team so we can support a growing demand for flexible and affordable kitchen space.”
The startup has built up the largest listing of commercial kitchen spaces in the capital, and aided a mix of food businesses with various projects.
The team’s mission is to build a sustainable global network of kitchen spaces to encourage a more collaborative and resourceful food industry.
Current investors include Alan Gross, co-founder of Chef Works and advisor to Kitchup.
He added: “Food Tech is a very important and fast-growing sector with huge potential and I’m really excited to be supporting the dynamic Kitchup team as they build a great scalable business and a powerful brand for the future of food.”