Poke House has completed on a new investment round which will enable it to accelerate its global expansion.
The round was led by Red Circle Investments – the private investment vehicle led by Renzo Rosso, and joins long-term shareholders MIP, Angelo Moratti, Eulero Capital and FG2 Capital.
Founded in Italy in 2018, the 160-restaurant business launched in the UK in – where it has nine sites – with other overseas locations in Spain, Portugal, France, Romania, Austria, the Netherlands and the US.
Through the new investment Red Circle is aiming to help transform and strength the poke bowl concept into a global brand.
Plans are focused mainly on international expansion, with new openings in countries where the brand is already present and the evaluation of other new territories.
Poke House is also looking to strengthen its sustainable credentials, with a goal to become B-Corp certified in the future.
Red Circle currently invests in a range of different sectors united by a focus on innovation, quality, and sustainability, ranging from food and tech-food, and tech innovation, to fashion environment and health.
Matteo Pichi, co-founder and CEO of Poke House, said: “I am thrilled to begin our collaboration with Red Circle Investments and delighted by the reappointments from our current partners, we are even more confident of achieving our next goals.
“We see the younger generation never giving up healthy, tasty and balanced bowls for their lunches. We are here to be their reference point, we will intensify our foreign presidium and accelerate our sustainability initiatives to create shared value for all our stakeholders, shareholders, customers and for our entire team.”
Renzo Rosso, president of Red Circle Investments said: The company’s international development potential is evident, and it will be able to rely on our global experience in retail, marketing, and the relationship with the end consumer to grow further.”
Last year, Poke House told MCA that it planned to open more than 65 outlets across the UK by the end of 2023
