Artisan produce retailer Sourced Market is set to become the latest crowdfunding success story, after raising over 100 percent of its £750,000 investment target two days before the deadline.
Sourced Market, a London-based fresh produce market situated in King’s Cross, was looking for the investment to enable it to expand and open two further markets in Marylebone and Victoria next year. The company, set up by founder Ben O’Brien in 2007, blends the high quality produce, atmosphere and shopping experience of a great market with the practicality of a convenience store, combining retail with artisan coffee, bakery, food-to-go and casual dining.
Sourced Market’s bond is open for investment on Crowdcube until the 19th December, with a minimum investment of £500. It offers an annual interest rate of 8% payable in two equal instalments every six months with the principle repayable to investors after four years.
For more information on this opportunity, visit their campaign page here.