Less than two weeks after launching its equity crowdfunding campaign on Crowdcube, UK-based whisky distillery The Lakes Distillery has raised well over £1.2 million from more than 1800 investors.
The Lakes Distillery was opened in 2014 and claims to be England’s largest whisky distillery. It has received over 100,000 visitors annually and has sold more than 160,000 bottles of premium gin, vodka, and blended whisky. The distillery also revealed that it was voted one of the top 5 best new distilleries in the world by Time Out USA. The company’s description reads:
“Located in the Lake District National Park, we have so far produced the equivalent of over 600,000 bottles of whisky spirit with an estimated £30m of retail value. Whilst this spirit is maturing, we have crafted a portfolio of premium spirit brands, including The Lakes Gin, The Lakes Vodka, The ONE British Isles Blended Whisky, and a range of flavoured liqueurs all of which contributed to sales of over 175,000 bottles since 2015. We believe our single malt whisky will be our defining moment; we want to set the standard for new world whisky so funds raised will allow us to increase our investment in stock. We look forward to telling the world about our spirit and bringing you on our journey in making whisky history.“
Funds from the initiative will be used to continue the distillery’s expansion. Speaking of the campaign’s success, the Lakes Distillery team revealed:
“Every investment at this stage of our business is certainly valued and whilst we are delighted we are overfunding (in less than a week!), we are still very much accepting further investment for the meantime. Thank you again for your support and belief in our journey to making English whisky history.”
The campaign is set to close at the beginning of December.
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