Chapel Down has leveraged the internet to raise capital having first graced the pages of Seedrs in 2014. Following the campaign’s closing, Seedrs Chief Investment Officer called the event the “coming of age of equity crowdfunding” as the funding proved the process could be “a major form of corporate finance going forward” with “large-scale IPOs” occurring in part or entirety – on equity crowdfunding platforms. The company then returned to funding portal in late 2015 for its Curious Brew line and successfully secured £1.7 million.
Chapel Down took to its Twitter account on Wednesday to announce the P&O Cruises’ news.
— Chapel Down Wines (@ChapelDownWines) June 1, 2016
Seedrs then tweeted:
— Seedrs (@Seedrs) June 2, 2016
- 34% sales growth to £8.18m (2014: £6.11m)
- 36% growth in gross profits to £3.02m (2014: £2.22m)
- £507k* adjusted EBITDA – a 6% increase (2014: £478k*)
- One of 1000 companies to inspire Britain from the London Stock Exchange
- A successful crowdfund to build their new brewery in Ashford, raising £1.71m
Frazer Thompson, Chapel Down’s CEO, previously stated:
“Chapel Down has enjoyed another excellent year of growth. In a highly competitive trading environment your company has continued to invest in the value of its brands, its vineyards and winery and its people as we build a healthy, sustainable and innovative drinks company with an exciting future both at home in the UK and in sophisticated drinks markets abroad. With sales growth of 34% in the Group – sales up 27% on wine and up 50% on beer and cider – we are investing the proceeds to build the business whilst delivering growth in adjusted EBITDA at £507k* (2014: £478k*).”
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