Having announced last week it had already exceeded its £30k mini-bond target in just one day, Beany Green has this week revealed it has now closed its crowdfunding bond over a month earlier than planned, after smashing its £800k target.
Over 220 investors backed the mini bond which was hosted on crowdfunding website Crowdcude. Beany Green, who currently has 4 sites in London, will use the money to forward the groups expansion plans to open an initial two more permanent London sites in 2016, with more expected after this.
Each investor invested on an average £3,500, meaning Beany Green hit its target in less than seven days, and its first £300k in just 24 hours.
The Aussie inspired company was established in 2012 as a street food operation in a Ford Transit van. The group is predicted to deliver £3m in sales in FY16 and increasing to £7m by FY20.
Speaking of its success co founder Prue Freeman said: “The speed and size of investment from our loyal customers and the crowd has been very overwhelming and extremely humbling. It’s so exciting to now have more than 200 enthusiastic supporters on board with us for the next stage of the journey.”