La Favorita secures £200k to fund new store openings.
The funding round is backed by Jon Moulton and 44 investors to support the company expansion in Glasgow.
£200KSeed
La Favorita operates a chain of food delivery stores, opening its first new location in Glasgow as part of an expansion strategy.
La Favorita has raised £200k in funding, backed by private equity financier Jon Moulton alongside 44 other investors, to support its ongoing expansion. The capital has already facilitated the opening of a new store in Glasgow, creating approximately 30 local jobs.
The business is currently working to finalise the remainder of its funding round. This will enable the launch of a second planned store in Glasgow before the company pursues significant institutional investment to fund expansion into England.
Use of funds
- 01Expand into international markets
- 02Grow the team
Investors
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About the company
LF
£200KRaised