At the time of writing, the campaign, which was announced last month and went live today (12 August), has raised £1,831,234 from 4,020 investors.
This includes around £1.6m from 3,700 early access investors.
Six by Nico previously said it is aiming to build ‘the largest and most active culinary community in the UK and beyond’ through its first public equity offer, which places a pre-money valuation of £50m on the business.
The group is offering three rewards tiers through the crowdfund beginning at £360 and rising to £5,000.
Benefits available to investors through its soon-to-launch Six by You App include black cards, invites to future restaurant launches, and voting rights on menus, concepts, locations and events going forwards.
Funds will be used to support the opening of Six by Nico’s new flagship location in London’s Covent Garden that’s set to launch in the coming months, as well as reduce existing debt to help fuel growth and strengthen the group’s financial position.
Alongside domestic expansion, the group is understood to also be exploring international growth opportunities.
Six by Nico was founded by restaurateur Nico Simeone in Finnieston, Glasgow in 2017 and now operates 16 sites across the UK as well as an outpost in Dublin, Ireland.
The concept revolves around a six-course tasting menu that changes every six weeks and is themed around different places, memories and ideas.
Announcing plans for the crowdfund last month, Simeone said: “Six by Nico was built by the people who kept coming back not once, not twice, but again and again.
“We’re talking about a core community of tens of thousands of loyal guests who dine regularly every year.
“This isn’t just a customer base – it’s a community. And now, it’s time to bring them even closer. Because the next chapter isn’t just ours – it’s theirs too.”
Sixco, parent company of Six by Nico, reported a 42% rise in turnover in its 2024 financial results with EBITDA up 74%.
The group’s pre-tax profit from continuing operations was £3.3m for the year ended 30 June 2024 (2023: £2.8m), while the total pre-tax profit including exception items and discontinued operations was £1.3m (2023: loss of £185,000).
Sixco’s estate also includes immersive cocktail bar concept Somewhere by Nico, which now has sites in Glasgow in Edinburgh.