No1 Rosemary Water, a UK-based botanical beverage company, is set to close its equity crowdfunding campaign on Crowdcube with nearly £1.3 million in funding secured. The funding round made its public debut right after No1 Rosemary Water raised its £1 million funding target and has attracted more than 450 investors so far.
As previously reported, No1 Rosemary Water has created a total of ten single extract botanical drinks using only fresh herbs. The beverage collection is sold in more than 1650 outlets in the UK and U.S., which includes M&S, Waitrose, Harvey Nichols, Whole Foods, and Selfridge. The company noted that each botanical was chosen for its unique flavor and medicinal properties.
“Our production process makes us unique in both the $2.4bn UK bottled water industry and the wider global market (est. $215bn by 2025). No1 Botanicals can be found in M&S, Waitrose, Harvey Nichols, Whole Foods and many other stores. We’ve since added pure rosemary extract shots, and nine new still & sparkling waters to the range, with Hemp Water on its way.”
No1 Rosemary Water went on to add:
“Our collection of healthy drinks are sold in 1,650+ outlets in the UK & US incl. M&S, Waitrose, Harvey Nichols, Whole Foods & Selfridges. We aim to boost exports and launch soda mixers to tap into this lucrative market.”
The company also reported it is seeking funds to use the investment for boosting exports to new European and U.S. regions, launch a soda mixer range, and target high-end bars, restaurants, and mixologists. The campaign is set to close next Wednesday.
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