Square Pie raises money through Crowdcube
Pie and mash operator Square Pie raised £681,500 through online crowdfunding platform Crowdcube. Over 300 people invested in Square Pie and the bond closed 51.4% over its target of £450,000. The groups aim is to open more restaurants, with four planned in 2016, and to increase its presence in supermarkets and through wholesale. Founder Martin Dewey told the M&C that he was ‘really pleased’ with the result, which coincided with the successful opening of its first site outside of London at Birmingham Grand Central. He also said: “We are delighted with the strong interest in our first ever Pie Bond which will not only support our business as it grows but enable Square Pie fans to get involved and get a slice of our success in future years. We’re excited for the future of the business, which has grown hugely since starting on a market stall in Old Spitalfields Market. We can’t wait to bring our quality British food to more places around the country.”
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