A crowdfunding effort has been started by Sydney-based vegan eatery Flave in order to fund its plans to grow both domestically and globally. Flave serves plant-based burgers and healthy bowls.
With investments ranging from $50 to over $100,000, investors will earn stock ownership “in the hottest food movement going,” according to Flave. The campaign is being run on the Australian equity crowdfunding website Birchal.
An all-star cast
“As an investor, you will be joining a star-studded cast of champions, including Beyoncé’s former personal chef and the same management team that scaled restaurant chain Zambrero to over 100 locations. On top, you will be joining leaders from Australia’s most successful food brands, such as Milky Lane, Betty’s Burgers, Guzman y Gomez, and Grill’d.” stated Samantha Cook, Flave’s co-founder & co-CEO.
1,000 global locations
In the fast-casual food service sector, Flave first operated as a delivery service for healthy meals. Later, the brand launched its wildly popular first restaurant in the Bondi suburb of Sydney.
Flave just closed a $2.5 million Series A investment, and it intends to utilize the money to establish a second restaurant in the Darlinghurst neighborhood by the beginning of 2023. The first of 42 stores is scheduled to open in India in March of next year. The company, which intends to be a multi-unit corporate enterprise with 1,000 sites worldwide, claims to have also signed a term sheet with a franchisee in India.
“The time is now. Demand for plant-based options is skyrocketing, 80% of Aussies want to consume less meat, and the global plant-based market is tipped to hit $160 billion by 2030,” Cook said.
The crowdsourcing effort ends on December 1 at 10 p.m. AEDT.
Source: “Australia’s Flave Launches Crowdfunding Campaign to Fuel International Expansion” by vegconomist
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