Healthy food operator Tossed has secured £1.5m of funding from Santander.
The funding follows the management buyout from private equity firm Baringea in April, led by Vincent Mckevitt, Tossed’s founder and managing director, and Neil Sebba, the company’s financial director.
The new funding will therefore allow Tossed to open at least another eight sites in the coming 12-18 months, with London being its main focus.
Its flagship store reopens at Westfield London this weekend after refurbishing, with a new design and menu, whilst its latest store opened at Houndsditch, London EC3 this week.
Sebba said: “This has been possibly the busiest few weeks we have ever had as a business, but we are really excited about what comes next. With supportive financiers around the table we are ideally positioned to seek out new stores and offer our people some exciting new opportunities.”
Tossed now operates 11 sites in the capital.