City ‘superwoman’ Nicola Horlick invites Seedrs investors to back London restaurant venture

Chiswick eatery seeks £150,000 for management buy-out

Leading City investor Nicola Horlick has marked her second foray into crowdfunding in four months, after she invited investors on peer-to-peer site Seedrs to back the buy-out of a West London restaurant.

The Chiswick establishment, which Horlick plans to call Times Place Brasserie, is seeking £150,000 for a 40% stake in the business, which will be used to finance Horlick’s management buy-out of the restaurant and provide an initial reserve of working capital.

 

The restaurant, the name of which is currently undisclosed, is already profitable but Horlick said there remained significant opportunities to develop its lunchtime and weekend trade.

Investors can participate in the Seedrs round from as little as £10, and will receive a 20% discount on their food bill any time they visit the restaurant as a further incentive.

The Seedrs pitch marks the second time hedge fund veteran Horlick, who is one of the City’s best-known investors with more than 30 years’ experience in financial services, has used equity crowdfunding to raise funds for a business.

In July, Horlick invited Seedrs users to back Hollywood finance business Glentham Capital, raising £150,000 in less than 24 hours.

This month, Horlick also announced plans to set up her own crowdfunding loans site, Money & Co, which is planned to launch in early 2014.

Nicola Horlick said: “[The restaurant] is already operating profitably, and I think there is potential for it to be even more successful going forward.

“And I welcome the chance to raise this investment through Seedrs. 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.”

Jeff Lynn, co-founder and chief executive of Seedrs, added: “We’re delighted to have such a prominent City figure back using our platform for another exciting venture.

“Our mission is to open up early-stage investing to the wide array of men and women who want exposure to asset classes that were previously reserved for the very rich. Seeing big players like Nicola using Seedrs to raise finance shows just how powerful that mission is.”

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