UK start-up food and drink companies raise £3.2 million via crowdfunding

Kamm & Sons Ginseng SpiritsLooks like crowdfunding now is as popular as crowdsourcing, especially when talking about the food and drinks sector. inSpiral, creators of Raw Kale Chips has become the latest food company to successfully raise finance through equity crowdfunding website, Crowdcube.  The company secured £250,000 in 16 days.

It is the thirteenth business in the last 18 months to raise finance through the platform, which allows people to invest from as little as £10 in return for shares.  Food and Drink has proved to be the most popular category for investment on Crowdcube, with over £3.2 million pounds raised since its launch in 2011.

Dominik Schnell, co-founder of inSpiral, commented: “We love the idea of giving our enthusiastic followers the chance to support our vision by investing and becoming shareholders in inSpiral.  It was an exhilarating experience to raise £250,000 in just over two weeks.”

 Innovative start-up Kamm & Sons was the first food and drink business to successfully raise finance – £180,000 – in 2011 for its unique ginseng-based alcoholic spirit.  Eighteen months later the company, which is currently exporting to Sweden, France and Spain, secured a further £325,000 to finance overseas expansion to Europe, Asia and America as well as high-growth markets such as China.

Read More at Retail-Digital

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