Business Growth Fund, the venture capital fund supported by the UK’s five biggest banks, has invested £1.4m ($2.1m) in TD4 Brands, the UK-based operator of juice bar chain Boost Juice Bars UK.
The funding follows on from a £2.5m investment by BGF into Boost in December 2012. Boost plans to use the capital to support an expansion from its current 25 stores to 45 over the next two years.
Richard O’Sullivan, Boost’s CEO, said: “We have identified many potential Boost locations. We are keen to move forward with expanding the Boost brand throughout England and Scotland in particular. BGF’s follow-on investment allows us to do this.
“Since working with BGF, we’ve retained control and flexibility over the running of our business, with the added benefit of access to its growing network. This approach suits our culture and style and, importantly, is in line with the expectations set by BGF.”
– Photo courtesy of Boost Juice Bars Ltd.