Rockfish secures £3m to fund regional expansion
The seafood restaurant group has raised capital, including a £1.3m investment from The FSE Group, to open new sites and expand its retail offerings.
A seafood restaurant group operating across the South West of England with multiple eateries, a fishmonger, and retail ranges.
Rockfish has secured a £3m funding round, including a £1.3m equity investment from The FSE Group on behalf of the South West Investment Fund. The capital will support the seafood restaurant group in executing a strategic three-year growth plan, which involves opening four new sites and expanding its retail operations across the region.
Founded in 2007, the company currently operates eight restaurants, two takeaways, and a fishmonger, alongside its tinned seafood range and the award-winning The Seahorse restaurant in Dartmouth. The business has focused on sustainable sourcing, maintaining Marine Stewardship Council certification across the majority of its menu.
The latest financing builds upon the group's integration of a Brixham-based fish procurement and processing business, which secured supply chain control during the pandemic. Management intends to use the fresh capital to scale operations further while pursuing B Corp certification.
From the founder
"This investment is a testament to the strength and potential of Rockfish. We are excited to embark on this next chapter of growth, driven by our passion for seafood and our commitment to sustainability and excellence. We are grateful for the support from the South West Investment Fund and The FSE Group and look forward to bringing our unique seafood experience to even more people."
Mitch Tonks
Founder at Rockfish
Investor perspective
"Rockfish is poised for an exciting phase of expansion. With a robust recovery post-COVID and a highly capable management team at the helm, this expansion will further establish Rockfish as a leader in sustainable and quality seafood dining and we are delighted to be part of this journey."
Ralph Singleton
Head of Equity South West, The FSE Group
Use of funds
- 01Expand into international markets
- 02Scale operations