Less than one week after launching its equity crowdfunding campaign on Crowdcube, craft brewer Innis & Gunn has successfully secured its £1 million funding target from more than 600 investors.
As previously reported, Innis & Gunn was founded in 2003 and claimed to be the second-largest craft brewer in the UK and shared that in 2015 almost 70% of its turnover came from overseas markets and has won two Queen’s Awards for International Trade. The company opened its first bar-restaurant, The Beer Kitchen, just one year ago in Edinburgh and within a matter of six months, it won the Best New Concept Award in cause dining. Recently the brewery reportedly acquired Perth-based Inveralmond Brewery after securing £3.1 million from a “BeerBond” and BeerBucking funding program. Innis & Gunn also notably paid out its first interest payments to investors this past July.
Founder and master brewer at Innis & Gunn, Dougal Sharp, shared:
“When we started in 2003, the craft beer scene in the UK was virtually non-existent. Through perseverance, hard work, and outstanding beer, we have been able to play a key role in spearheading the growth of the movement in the UK and in turn build a successful international business selling our beers in over 20 markets. We have remained steadfast in our mission to expand the possibilities of what beer can be by pioneering innovative methods of imparting flavor.”
The money invested during the Crowdcube campaign will be used to open four additional Beer Kitchens and increase capacity at its brewery. Additional funds that are invested will go towards accelerating the program of rolling out Innis & Gunn’s award-winning Beer Kitchens in England and North America. The initiative will close at the end of November.
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