Bristol-based Friska have secured investment to open ten new sites in Bristol, Birmingham and Manchester. The funds, which have been raised through two Angel Investors and Santander’s specialist growth fund, forms the first stage of the young companies national roll out plans.
Since opening their first site in 2009, founders Ed Brown and Griff Holland have built up a great reputation with their globally inspired fresh fast food and specialty coffee.
The successful funding round comes on the back of consistently strong financial performance which saw Friska increase it’s sales by 50% over the past year. The founders are also currently in discussions with an International franchise operator to take Friska to new developments in major leisure and transport hubs.
Reflecting on the investment, Ed said “This is absolutely fantastic news for Friska. 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.”
Griff 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.”
Isca Ventures acted as lead corporate finance advisers on the transaction.