San Francisco-based private financial group supports growth of Denmark-based market-disruptive online food delivery and takeout firm.
San Francisco, California, USA., May 30, 2020 – US Capital Global has successfully closed the first tranche of a multi-million Euro convertible note for the Danish disruptive online food and delivery company, Takeout Group. Founded in 2001, Takeout Group provides end-to-end ordering and dispatching white-label platforms and aggregation sites for thousands of participating restaurants across Europe. Takeout Group’s mission is to help grow individual restaurant brands by offering lower cost delivery services and providing client information back to those restaurants.
With offices in San Francisco and London, US Capital Global is a regulated full-service private financial group with an established track record in providing corporate finance and asset management. All securities are offered by the group through its registered broker-dealer affiliate, US Capital Global Securities LLC.
Thomas Cort Hansen, CEO and co-founder of Takeout Group, said: “We are exceedingly pleased with the speed and professionalism with which US Capital Global has dealt with our request and our funding. US Capital Global’s assistance with this multi-million Euro convertible note capitalization will support our continued almost 100% year-on-year growth and our ongoing international expansion through the launch of significant partnerships in the UK, Ireland, and Spain.”
“It is our pleasure to support a socially positive impact enterprise like Takeout Group, which has an ethos of building community and supporting small businesses by reducing costs,” said Jeffrey Sweeney, Chairman and CEO at US Capital Global. “Timely access to capital is key to the success of high-growth companies. US Capital Global has now successfully closed the first tranche of this multi-million Euro convertible note for the company, which was funded by our US Capital Global Business Credit Income Fund. If you are interested in co-investing in Takeout Group, please feel free to get in touch with us. All securities in Takeout Group are offered through US Capital Global Securities LLC, which is acting as the company’s lead placement agent.”