Sessions raises £3m to expand tech offering

Sessions has raised a further £3m from existing investors Guinness Ventures, in a bid to expand on its technology offering. 

The news comes as the hospitality growth platform is launching a new franchise arm, starting with SoBe Burger and Ivan Ramen. 

Since starting operations in 2020, the Sessions platform has grown to £55m in sales. 

The latest raise from Guinness Ventures follows a further £3.25m deal that was closed with Virgin Money last autumn, which saw the company double its valuation from Series A.  

Dan Warne, founder of Sessions, said: “It is rare to have such supportive investors as Guinness, and we are very pleased to see the confidence they have shown in our business following this second, meaningful investment. 

“The resilience and drive of our team is what you want to see as a founder, navigating a tricky couple of years, and we’re seeing the benefits of that as we deliver very strong, sustainable growth.” 

Ashley Abrahams, head of origination at Guinness Ventures, added: “Dan and the team have done a fantastic job in delivering great growth whilst remaining capital efficient, navigating challenging economic conditions. The team has been a pleasure to work with and with massive opportunity for further growth ahead, it was an easy decision to lead a further funding round. 

“Sessions are well placed to take advantage of the increasing demand for high quality, authentic food from talented chefs across the country, at the same time supporting the wider kitchen partner ecosystem through the creation of complementary revenue streams.”