Plant-based firm Ready Burger smashes crowdfunding target and secures £2m
The plant-based retaurant Ready Burger, have closed their first funding round with Crowdcube, raising £2m, through 842 investors in return for 22.47% equity.
Now, the team behind the company have plans to roll out the UK’s first scalable, fully plant-based QSR brand.
Max Miller, CEO and Co-founder, Ready Burger said: “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.”
The full menu of plant-based burgers alongside classic sides, with premium and saver choices, as well as a range of premium value meals can be experienced at their first restaurant in Crouch End, London.