With the announcement that Quantock Brewery had surpassed their equity crowdfunding goal of 20% by raising £120,000 from 129 individuals, crowdfunding site Crowdcube noted the popularity for investors to support the food and drink category. Specifically the beverage portion.
Out of 56 funded offerings 18 fall in the food & drink sector with £4.1 Million raised. Beverages represent 75% of this amount equivalent to £3.2 Million.
Luke Lang, co-founder of Crowdcube commented on this perspective, “I think this reflects the nation’s appetite to support exciting upcoming British food and drink brands.”
The top 4 food and drink equity offerings from Crowdcube for 2013 are as follows:
1. The Rushmore Group, owner of three members’ clubs in London, secured £0.5 million investment from 72 investors in April. This was the third time it had used Crowdcube, having previously raised £1.5 million in November 2011 and January 2012.
2. inSpiral is the creator of raw kale chips as a healthier and tastier alternative to potato chips. Now selling in 500+ stores across Europe, it raised £250k in 16 days during February from 119 investors.
3. Wild Trail sells two ranges of healthy wholegrain snacks, and its pitch was overfunded in May, raising over £68,000 more than the £150,000 target.
4. Righteous has now raised a total of £225,000 on Crowdcube with the completion of its second round of funding for £150,000 in February. Run by Gem Misa, the company manufactures the UK’s first ‘All Natural’ brand of salad dressings.
With the success of Quantock Brewery, Crowdcube’s funding total now stands at £9.6 Million raised nearing the £10 Million pound mark which will be breached in the coming weeks.
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