JLL Brings Culinary Crowdfunding Platform to the National Stage0 Comment
EquityEats, a crowdfunding platform for food and beverage businesses, has retained JLL to support
their retail restaurant and bar site selection nationally. The concept provides capital raising solutions, connecting entrepreneurs and investors to the restaurant and bar industry.
Senior Vice President Greg Ferrante and Associate Arris Noble are leading the JLL team on this project.
“Bars and restaurants can transform communities, retail places and shoppers’ experiences by providing a place for people to connect,” said Ferrante. “EquityEats currently has two new restaurants seeking funding in Texas, one in Colorado, and another four raising capital in D.C. Once each project reaches full funding, we’ll target the right location to bring the restaurant/bar to fruition.”
Chief Executive Johann Moonesinghe conceived this innovative concept after investing in two bars: Black Whiskey in Washington, D.C. and Eighty-Two in Los Angeles. EquityEats marks his third technology startup following madKast, which was acquired by ShareThis in 2008.
Moonesinghe added, “Traditionally, restaurant investing has been a closed door activity for both individuals and for restaurateurs. EquityEats democratizes capital accessibility by enabling hundreds of people in a local community to invest in a restaurant. We see that these investors go on to become the best customers of the restaurant, so the restaurant is not only getting the capital that it needs to open, but it also gets a large loyal customer base. We’ve proven that this model works in Washington D.C. and now, with our partnership with JLL, we are ready to scale nationwide.”