Kids Planet, a family activity centre operator, has secured £250,000 from The Capital Fund. The company, which recently opened a third centre in London, will use the funding to open new sites under its Jack & Lulu brand.

Kids Planet, a family activity centre operator, has secured £250,000 from The Capital Fund. The company, which recently opened a third centre in London, will use the funding to open new sites under its Jack & Lulu brand.

Managing director Neal Fullman says: ‘We’re hoping to expand to a further two sites in the coming 12 months, and thereafter our plans are for a substantial development of between five and 10 centres a year.’

London-based Kids Planet was founded in 2003. It provides play and party facilities for young children and areas for parents to relax. The company also sells organic and homemade food.

The Capital Fund invests in fast-growth companies in Greater London. Since it was launched in 2002, the fund has made more than 45 investments in London-based companies.