Brief: Innis & Gunn Closes Crowdcube Campaign With Over $2.4M in Funds

On Tuesday evening, Craft brewery Innis & Gunn closed its successful equity crowdfunding campaign on Crowdcube with over £2.4 million in funding. The brewery secured its initial £1 million funding target within 72 hours of the initiative’s debut.

innis-gunn-2Innis & Gunn has dubbed itself the second-largest craft brewer in the UK and recently opened its first bar-restaurant, The Beer Kitchen, in Edinburgh. Within a matter of six months, the restaurant won the Best New Concept Award in casual dining and the brewery reportedly acquired Perth-based Inveralmond Brewery.

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.”

Following the closing of the Crowdcube campaign, the brewery tweeted:

 

The brewery plans to use the funds for the expansion of The Beer Kitchen retail experience in 2017 to England, a year ahead of schedule, and international expansion into North America.


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