Craft brewery Innis & Gunn has secured more than $1.8 million as its successful crowdfunding campaign enters its final week on Crowdcube. The brewing company launched the initiative earlier this month, originally seeking $1 million and raised the funding target within 72 hours.
The brewery was founded in 2003 and claims to be the second-largest craft brewer in the UK. Innis & Gunn opened its first bar-restaurant, The Beer Kitchen, in Edinburgh and within a matter of six months, it won the Best New Concept Award in casual dining and the brewery reportedly acquired Perth-based Inveralmond Brewery after capturing £3.1 million from a “BeerBond” and BeerBucking funding program. Founder and master brewer at Innis & Gunn, Dougal Sharp, previously 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.”
Funds from Innis & Gunn’s Crowdcube initiative towards the expansion of The Beer Kitchen retail experience in 2017 to England, a year ahead of schedule, and international expansion into North America. Most recently, the company announced it planned to extend the campaign and stated:
“We know from the hundreds of requests we have received for our Business Plan that there are still a lot of people who want to invest, and we want to ensure that everyone who is still considering this has the chance to do so. Our community of fans and investors have shaped the growth of the company to date.”
The campaign is set to close next Tuesday (November 29th).
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