Press Release: May 30, 2020
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.”
About Takeout Group
Founded in 2001 and based in Denmark, Takeout Group provides a range of innovative SaaS technologies for individual restaurants, multi-store chains, and franchises to market and sell their products online under their own brand name, as well as manage their logistics. Allowing restaurants to manage their own brands helps them grow. Takeout Group currently operates in eight international marketplaces, processing orders worth more than €15 million annually. The company has been recognized by Børsens Gazelle for its exceptional growth and is the winner of several mobile app awards. www.takeoutgroup.com
About US Capital Global
Established in 1998, US Capital Global leverages the latest FinTech and RegTech innovation to provide sophisticated debt, equity, and investment products to lower middle market companies and investors. US Capital Global is committed to the core values sustainability and impact investing. The group manages direct investment funds and provides wealth management and capital raise services. Operating with its registered investment bank affiliate, US Capital Global Securities LLC, the firm acts as a licensed placement agent for companies, funds, and projects, and collaborates closely with its peers in professional banking and investment advisory. www.uscapglobal.com
To learn more about US Capital Global, email Jeffrey Sweeney, Chairman and CEO, at email@example.com or call +1 415-889-1010.