Friska secures 1.25m for national roll-out
Mon, 6th October 2014

Friska secures £1.25m for national roll-out

Healthy fast food chain Friska has secured a £1.25m investment to launch ten new sites across the UK.

The Bristol-based company, which was formed in 2009 by Insider 42 under 42 alumni Ed Brown and Griff Holland, will open its fifth branch in the city before expanding into Birmingham in 2015.

The money was raised through two angel investors and Santander.

Brown said: "Since opening in 2009 we have always had big plans and have been focused on growing a successful and crucially well-loved business by our customers and colleagues alike. To see the plan coming together is just fantastic."

Holland added: "This year really has been the most exciting one yet. Our focus on redefining expectations within our sector is becoming a reality and we can’t wait to open in Birmingham and Manchester."

The business is expecting to turn over £2.5m next year after doubling revenues between 2013 and 2014.

Isca Ventures advised on the deal along with Roxburgh Milkins, which provided legal advice.

TLT advised the investors in Friska, lead by corporate partner Andrew Webber, banking and restructuring partne, Gary Roscoe and corporate solicitor James Webb.

category South West  |  source Insider Media