Square Pie, the chain of gourmet pie shops, is set to expand its portfolio after attracting £700,000 of investment from private equity fund IW Capital.
After announcing in July they were planning to have 20 sites within the next four years, Square Pie will open just two more sites at the moment, one of which will be located within Birmingham’s New Street shopping centre.
Founder Martin Dewey told The Sunday Times: “We’ll use this cash and then see how much the banks are lending.”
Square Pie attended at Glastonbury this year and had three stands, taking more than £200,000 in five days.