Investors’ healthy appetite for vegan eaterie expansion
Plant-based restaurant chain Stem + Glory, which has two eateries in Cambridge, has rocketed past its £350k fundraising target on Crowdcube.
By this week’s stretch funding guillotine, the enterprise had raised £631,530 to launch a third location in London’s Old Street area. Some 771 investors tucked into the Crowdcube offering.
Stem + Glory is the brainchild of Cambridge yoga studio CAMYOGA’s founder Louise Palmer-Masterton – a long term vegan and a vegetarian for more than 30 years – who had contemplated the idea of a vegan establishment for quite some time.
Stem + Glory reports annual revenue growth of 84 per cent from its first site alone and is now geared up for a financially healthy roll out.
A spokesperson said: “We're delighted to say that we reached our funding target in record time just six hours after private launch.”
• PHOTOGRAPH (top of page) – Stem + Glory head chef, Gemma Doherty