WatchHouse Brews Up Record-Breaking £7.2M Crowdfunding Success

WatchHouse Brews Up Record-Breaking £7.2M Crowdfunding Success

WatchHouse has achieved a historic £7.2M equity-only raise, surpassing expectations by 700%. The specialty coffee chain now eyes expansion in London and New York, with 30 new stores planned. The funding round, attracting over 1,400 investors, marks its final EIS-eligible campaign. Founded in 2014, WatchHouse boasts 18 UK outlets and one in New York, with a second set to open in the Chrysler Building in October 2024. The company also plans a roastery and bakery facility in Brooklyn. WatchHouse's revenue jumped from £7.8M in 2022 to £16.6M in 2024, fueling its ambition to operate 500 outlets globally by 2033. CEO Roland Horne expressed gratitude and excitement for the future.

Read the full article here.