Innovative SMEs can find spaces for growth thanks to private crowdfunding. ClubDealOnline, a platform authorized and supervised by Consob, has successfully closed the collection for Frankly Bubble Tea & Coffee, the first Italian chain of Bubble Tea and Coffee bars, exceeding the threshold of one million euros. The capital increase involved 35 investors, and took place in a period between January and April 2021. The success of the collection was also possible thanks to the collaboration with Banca Sella Private Banking, according to ClubDealOnline’s private crowdfunding model. Furthermore, Frankly Bubble Tea & Coffee availed itself of the support of ClubDealFiduciaria, 100% online fiduciary started by ClubDealOnline at the end of 2020, thus simplifying the management of the operation by the company.
Founded in 2016 by Franco Borgonovo e Lati Ting, Frankly Bubble Tea & Coffee was born with the aim of making bubble tea known also in Italy, a drink derived from the combination of iced tea, milk and tapioca pearls, extremely popular in Asia and North America. The capital raised will support Frankly Bubble Tea & Coffee’s development projects, such as strengthening the workforce, opening four new stores and implementing the online channel for home delivery, with the aim of expanding the business. in Europe starting in 2023.
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The decision to focus on Frankly Bubble Tea & Coffee was taken at the end of a selection process conducted by the ClubDealOnline origination team which, following rigorous scouting and careful evaluation, selected Frankly from around 106 companies. eligible, belonging to different sectors. The choice was based on the resilience demonstrated by the business model and on the ability of Frankly Bubble Tea & Coffee to generate profits even during the closures due to the Covid 19 pandemic. Thanks to this agreement, ClubDealOnline expands its range of activities also to the world of food retail, offering investors interesting opportunities linked to a market worth almost 2 billion dollars and which is expected to grow at an annual rate of 9% in the coming years. “We are thrilled to be able to support the growth of a company like Frankly Bubble Tea & Coffee,” he commented Cristiano Busnardo, CEO of ClubDeal and president of ClubDealFiduciaria – because we are convinced that bubble tea is not a passing trend, but represents the “next big thing” of the food retail industry, with a market that is already worth 1.9 billion dollars and that continues to grow ».
In 2020 Frankly Bubble Tea & Coffee managed to record a turnover in line with that of 2019, also thanks to the ability to adapt its sales strategy to delivery, recording the record sales in September 2020 and reporting a growth rate of 74% compared to 2017.
«Thanks also ClubdealOnline – he added Franco Borgonovo, co-founder & CEO of Frankly Bubble Tea & Coffee – we will also be able to expand on the European market, which has not yet been fully explored, but which is expected to become the one with the highest growth rate “.