Siren Craft Brew, a UK-based brewery, is set to close its equity crowdfunding campaign on Crowdcube with more than £1 million in funding. The funding round was launched last month, seeking £750,000, and has attracted over 1300 investors.
“In our first year, we were awarded 2nd Best New Brewery in the World by Ratebeer.com and they have listed us as a Top 100 Brewers in the World ever since. In 2018 alone, we’ve picked up a World Beer Cup medal, and have been awarded CAMRA’s Supreme Champion Beer of Britain for our flagship Stout – Broken Dream at the Great British Beer Festival.”
It was also revealed that Siren employs 28 people with turnover of £2.82 million last year and EBITDA £200,000. The brewery stated it is raising the funds to accelerate the next phase of its growth. The primary step is to package into cans and Siren noted it has identified a top-rate canning line that will meet its current bottling quality standards and future-proof its packaging options.
“Any overfunding will allow us to increase capacity & improve efficiencies. Raise over £1.5m, and we’ll also fast-track plans to bring our taproom experience to new locations. With your support – Siren will continue to create amazing beers that excite & delight more drinkers than ever.”
The funding round is set to close this Sunday.
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