BANCONE
Bancone is a London-based restaurant group operating five handmade fresh pasta sites across Covent Garden, Soho, Borough Yards, Kensington, and the City. It serves approximately 4,500 diners weekly with weekly turnover of £110,000-£120,000, complemented by private dining and gift voucher revenue streams.
- Company typePrivate
- Founded2018
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2C
- OfferingServices
What BANCONE does
Bancone is a London-based restaurant group founded in 2018 that operates five sites serving handmade fresh pasta inspired by Italian and broader European culinary traditions. Its locations span Covent Garden, Golden Square (Soho), Borough Yards, Kensington, and the City, with the Covent Garden site having held a Michelin Bib Gourmand recognition continuously from 2020 through 2026. The group serves approximately 4,500 customers weekly and reports weekly turnover of £110,000 to £120,000.
The core product is the restaurant experience itself: pasta is made by hand in each location daily, complemented by signature dishes such as the carbonara raviolo and silk handkerchiefs, alongside seasonal and vegan menu options. Adjacent revenue lines include private and group dining (accommodating 8 to 32 guests with feasting menus), a gift voucher program run on the giftpro platform, and a content-marketing Journal featuring recipes and neighborhood guides. The go-to-market is direct-to-consumer, with reservations centralized through SevenRooms, walk-in traffic, and word-of-mouth amplified by an active Instagram presence and press handled through Nourish PR.
Bancone is a privately held, founder-led business with no institutional venture capital or private equity backing identified. In December 2022 it raised £882,461 via equity crowdfunding on Crowdcube to fund expansion across London neighborhoods. Pricing is transactional per menu item with a £27 corkage fee for outside wine, the group operates cashless, and reservations for parties of two or more carry a £25 per person cancellation fee. Operating exclusively within Greater London, the group reports profitable site economics and a scalable pasta-focused model, with a current headcount in the 101-250 range reflecting active recruitment for general management and kitchen roles across sites.
BANCONE firmographics
Firmographics- Name
- BANCONE
- Legal name
- Bancone
- Website
- https://bancone.co.uk
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Bancone is a London-based restaurant group operating five handmade fresh pasta sites across Covent Garden, Soho, Borough Yards, Kensington, and the City. It serves approximately 4,500 diners weekly with weekly turnover of £110,000-£120,000, complemented by private dining and gift voucher revenue streams.
- Ownership category
- akta.pro rank
BANCONE industry classification
Industry- Product category
- Italian Restaurants
- NAICS
- Full-Service Restaurants (722511)
- SIC
- Retail-Eating Places (5812)
- akta.pro primary industry
- All-Day Dining Restaurants (THAFACAJ)
Keywords
Where BANCONE is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
BANCONE business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others, Supply Chain
Revenue model
- Restaurant Dining Sales: Revenue from food and beverage sales across five London restaurant locations. The group serves approximately 4,500 customers weekly with weekly turnover of £110,000 to £120,000.
- Private Dining Events: Revenue from private dining room bookings and group events across Covent Garden, Golden Square, Borough Yards, Kensington, and City locations.
- Gift Vouchers: Sale of gift vouchers for restaurant dining experiences through their giftpro platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard dining menu |
| Transaction based/ take rate | Multi-year contract | Private dining feasting menus |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
BANCONE product offering
Product offeringCore offering
Bancone operates a London-based restaurant group serving handmade fresh pasta daily across five central London sites (Covent Garden, Golden Square/Soho, Borough Yards, Kensington, and City). The core offering is an Italian-inspired pasta-led menu, complemented by private and group dining experiences, a gift voucher program, and a content site featuring recipes and food guides.
Product overview
Bancone is a Michelin-endorsed restaurant group operating five handmade fresh pasta restaurants across London (Covent Garden, Golden Square, Borough Yards, Kensington, and City). The core offering centers on handcrafted Italian-inspired pasta dishes served in buzzy, informal restaurant settings. The group complements its restaurant operations with private dining spaces at multiple locations, an online journal featuring recipes and culinary guides, and a gift voucher program. The company was founded in 2018 and has expanded from two initial sites to its current five locations, leveraging a scalable and profitable pasta restaurant model.
Differentiator
Problem solved
Functional benefit
Products and services
- Bancone Restaurant Dining (five London locations) Handmade fresh pasta restaurant group with five London locations (Covent Garden, Golden Square, Borough Yards, Kensington, City) offering Italian-inspired dishes in buzzy, informal settings for individual diners. The Covent Garden location holds a Michelin Bib Gourmand 2020-2026.
- Private & Group Dining Exclusive private dining rooms and group spaces available at multiple Bancone locations with feasting menus served on large sharing plates, accommodating groups from 8 to 32 guests for celebrations, corporate events, and group occasions.
- Gift Vouchers Gift voucher program offering the ultimate gift for food lovers, available for purchase through the Bancone gift portal on the giftpro platform, redeemable for dining experiences at any Bancone location.
- Restaurant Menu (Regular and Vegan) Fresh pasta menu featuring signature dishes including carbonara raviolo, silk handkerchiefs, and seasonal offerings, with a full vegan menu offering plant-based pasta options, available at all Bancone London locations.
Quantifiable outcome
- Weekly customer base of ~4,500 diners
- +2 more outcomes
Companies that use BANCONE
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
BANCONE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
BANCONE partnerships and signals
Strategic signalScale indicators6 records
Recent moves8 records
Expansion highlights5 records
BANCONE competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights5 records
Customer concentration
BANCONE social profiles
Digital presenceBANCONE compliance and trust
Trust signalCompliance1 record
BANCONE financial estimates
Financial estimateRevenue estimate
Valuation estimate
BANCONE leadership team
Management profileNumber of profiles
BANCONE funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BANCONE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BANCONE
What does BANCONE do?
Bancone operates a London-based restaurant group serving handmade fresh pasta daily across five central London sites (Covent Garden, Golden Square/Soho, Borough Yards, Kensington, and City). The core offering is an Italian-inspired pasta-led menu, complemented by private and group dining experiences, a gift voucher program, and a content site featuring recipes and food guides.
Is BANCONE a public or private company?
BANCONE is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BANCONE founded?
BANCONE was founded in 2018. It employs 101 to 250 people.
Where is BANCONE based?
BANCONE is headquartered in London, United Kingdom, in the Europe region.
How does BANCONE make money?
Three revenue lines are on record. Restaurant Dining Sales are the primary driver. The others are private Dining Events and gift Vouchers.
Does BANCONE have an API?
No public API is recorded for BANCONE.
What industry is BANCONE in?
BANCONE's product category is Italian Restaurants. Its primary akta.pro industry code is THAFACAJ, All-Day Dining Restaurants. Its NAICS code is 722511 and its SIC code is 5812.