Fund manager Nicola Horlick has gone to the crowd for a second time this year seeking investors to back her latest business venture after the phenomenal success she say first time around.
Horlick raised £150,000 for film finance company Glentham Capital in just 22 hours through crowdfunding website Seedrs and this time she is seeking funding for a French restaurant in Chiswick, west London. The fund manager is hoping to raise £150,000 to buy and fund an expansion of the restaurant – Times Place Brasserie.
Investors are be able to invest anything from £10 to the £150,000. In return they will receive a slice of the 40 per cent equity on offer and also receive a shareholder perk, in the form of a 20 per cent discount off their food bill anytime they visit the restaurant.
[ilink url=”https://www.seedrs.com/startups/times-place-brasserie”]
The venture on Seedrs has already raised over £80,000. [/ilink]
“I am very excited by the investment opportunity this restaurant offers. It is already operating profitably, and I think there is potential for it to be even more successful,” said Ms Horlick.
“Crowdfunding is providing promising startups with money quickly and efficiently while giving investors access to an asset class that used to be closed to them, and Seedrs is leading the way among equity crowdfunding platforms.”
Earlier this month Horlick announced that she too was planning to capitalise on the popularity of crowdfunding by launching her own venture, Money&Co, early next year.
Speaking about her decision Horlick said, “it is a no-brainer that crowdfunding has become so mainstream, given that banks are not lending to small business and savers are fed up with receiving paltry interest rates in bank and building society accounts.
Crowdfunding is all about cutting out the middle man and allowing small businesses to get the funding they need without banks taking a slice of their margins in fees from when firms take out business loans. For savers, these ventures offer the potential for much greater returns,”
