Hamilton Locke is delighted to have acted for Partners for Growth (PFG), a Silicon Valley-based venture debt and growth finance fund on its secured multi-tranche loan note facility and warrant investment into Australian online ordering platform HungryHungry.
HungryHungry was built as an online ordering platform for pick-up, and an at-table ordering system for eat-in diners, while offering marketing tools to put the power back into the hands of restaurateurs.
HungryHungry has secured $3 million in venture debt funding on top of a successful capital raise, after the COVID-19 pandemic accelerated innovation in the hospitality sector and led to a six-fold increase in orders through the platform.
Commenting on the transaction, Hamilton Locke partner, Zina Edwards said: “We are delighted to have acted for PFG on another successful transaction. HungryHungry has managed to innovate and grow despite the extended shutdown in the restaurant and hospitality sector and we are excited to see what the company will achieve as restaurants and other venues begin to open up across NSW and Victoria”.