Thai restaurant group Rosa's has secured £500,000 to accelerate its expansion.
The four-strong, London-based company secured the funding from three private investors via the UK Angel Investment Network. The funds are expected to help the brand to grow from four to 10 London restaurants by the end of 2017.
The £500,000 investment was provided in return for 10% of the company, valuing the group at £5m.
The original Rosa's founders, British husband and Thai wife team, Alex and Saiphin Moore, will continue to independently operate the brand and oversee its growth. The business has secured sites in north London's Angel and in Chelsea, both of which will open this October. Each restaurant is located in a Grade II-listed building and will offer 60-65 covers and Rosa's unique mix Thai food served up against a modern, urban café backdrop.
Alex Moore said: "We are very excited to announce this investment. We were oversubscribed and chose to work with like-minded people that would allow us to retain Rosa's independence, values and integrity as the brand grows."
The first Rosa's Café opened in Spitalfields in 2008, followed by Soho in 2010, Westfield in 2011 and most recently Carnaby Street last year.
The business recently became one of 30 companies out of 15,000 selected by GrowthAccelerator, the UK-based, government-backed partnership between leading private sector growth experts, as a HyperGrowth business.
A HyperGrowth business is one that has grown at an extraordinary rate of at least three times higher than the accepted definition of ‘high growth'. The £500,000 investment round was secured with help from one of the scheme's Growth Accelerator coaches Tom Kristensen.
The legal team advising the company were Moore Blatch.