Market Halls goes into overfunding within a week of launching crowdfund

Market Halls has gone into overfunding just a week after launching its crowdfunding campaign, with £702,054 raised from 238 investors of a £600,000 target.

The group officially launched the crowdfund on Seedrs on 4 August and has 28 days remaining on the campaign.

The London-based food hall brand was on track to grow revenue by 77% in the 2020 financial year and generated more than £15m in revenue in the 12 months prior to lockdown. However, following lockdown and the government-enforced closure of sites, the group launched a company voluntary arrangement.

Market Halls was founded in 2017 and has sites in London's Fulham, Oxford Street and Victoria. It has reopened two of its sites and is set to open its fourth venue in Canary Wharf next year.