Home Business NewsBusiness Flight Club secures £5m in Growth Capital funding

Flight Club secures £5m in Growth Capital funding

by LLB Reporter
30th Nov 18 8:23 am

Flight Club, the London-based birthplace of Social Darts, has secured £5 million in Growth Capital funding from Santander Business Banking to help it open additional venues in London and the UK. Flight Club has two sites in London and one in Manchester. Its third site in London, supported with the funding from Santander, is due to open in Victoria on 30 November, complementing ones in Shoreditch and Bloomsbury.

Established in November 2015, Flight Club is the world’s first Social Darts concept. By developing patented technology which enables automated scoring, the business has revolutionised the traditional game of darts and housed it in spectacular venues. The new Victoria venue will be located at 6, Sir Simon Milton Square SW1E 5DJ next to the Victoria Palace Theatre.

With strong momentum in the market and demand for its services at record highs, the management team at Flight Club is eager to get as many people playing Social Darts as possible; looking to add to their portfolio in London but also in key cities across the UK. The business has seen staff numbers rise to over 200 to accommodate this impressive growth.

Launched in 2011, Santander’s £200 million Growth Capital Fund is unique in the UK commercial banking sector and addresses the gap that exists in the funding landscape between traditional bank debt and equity funding. Growth Capital loans are targeted at businesses with annual turnovers of up to £50 million which have a demonstrated history of high year-on-year growth in turnover, profit or employment.

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