Vegan burger restaurant raises £2m to cook up expansion plans

A London vegan burger restaurant has announced that it has raised £2m in its first funding round as it gears up to open new sites.

Ready Burger, which currently has one site in the capital, has closed its first funding round with crowdfunding platform Crowdcube, raising £2m through 842 investors.

The company, which says it has “ambitious” plans to roll out nationally and internationally, is set to open its second restaurant on Finchley Road, and currently has two more sites in the pipeline.

Max Miller, CEO and co-founder of Ready Burger, commented: “This investment will allow us to continue to drive forward our ambitious expansion plans, opening further venues across London, then nationally and eventually internationally, to bring plant-based food to the masses.

“It will also enable us to invest in the best food technology, innovative solutions and continue to ensure we deliver consistency of service and quality of product at each phase of growth.

“We are working directly with industry-leading manufacturers to sustainably produce our proteins, allowing us to create products that not only taste outstanding but also give us market acceptable margins on each of our menu items, even at this early stage.

“These costs will continue to improve as our economies of scale begin to grow.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →