We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Status: Expired

Veeninvest Ltd, trading as Veeno, is a chain of premium Italian wine bars offering family-produced Sicilian wines and Spuntini – Italian appetisers for sharing.

The two young business management graduates who started the company back in 2013 are well on the way to creating the UK’s first recognised Italian Wine Café brand, with three profitable wine bars spanning across the North of England already to their name.

The chain is uniquely positioned in the food and drink market: neither restaurants nor wine bars, the cafés offer a balanced mix of premium quality Sicilian food and drink.

There is growing confidence in the company’s brand and its new take on Italian dining; a recent equity raise of £200,000 will pave the way for the opening of new sites to develop the chain’s national presence.

To support the growth strategy and the opening of the new cafés, owners Andrea Zecchino and Nino Caruso are now seeking to supplement the £200,000 equity investment with a £150,000 loan investment. This will help fund seven new outlets due to open within the next 12 months.

The duo have a track record of choosing prime locations and turning new sites into exciting, profitable venues: the current sites are bringing in monthly sales of £50,000 and £5,000 profit.

In 2014 Veeno achieved more than £325,000 of sales across three outlets.

The management team will use on their valuable experience of finding the right premises and making the cafés work to pick and develop all future locations, turning them into profitable outlets.

With the addition of the new locations, the company’s total number of cafés will rise to 10 in 2015. The business’s long-term goal is to have 80 stores UK-wide by 2018 with operating revenue in excess of £13 million – a goal that affirms the owner’s determination to become the first recognised major Italian Wine Café brand in the UK.

Help this enterprising duo continue building their empire off the back of a successful equity fundraise. This pitch is secured by a Company Debenture.

read more read less

Funding progress



  • £26,190
    pledged
  • 17%
    of goal
  • Expired
    11 Aug 2015

    £150,000
    target

    0.00%
    equity available

    43
    investors

    £609
    pledge per investor

    09158612
    company number

    Equity Calculator
    Investment
    £
    Equity
    %
    Funding rounds

    not found

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph