Scottish brewery Innis & Gunn announced on Tuesday it was extending its equity crowdfunding campaign on Seedrs for an additional 43 days. The brewery’s campaign, which was launched last month, is seeking to raise £3 million and is offering 1.96% in equity at a £149,750,989 pre-money valuation.
Innis & Gunn claims to be 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.
“Since our launch in 2003 Innis & Gunn has led the craft beer movement and become one of the most successful modern craft beer businesses of its time, enjoying 15 years of uninterrupted volume growth. Our beers can be bought in over 30 countries and we have twice won the Queen’s Awards for International Trade. Our beers are amongst the most awarded in the world and Innis & Gunn is one of only a handful of modern, independent beer businesses that have grown beyond 100,000 hectolitres (1 hectolitre = 100 litres) without having been acquired by one of the big brewers. Innis & Gunn is unique and incredibly rare in the world of beer.”
As part of the Seedrs campaign extension announcement, Innis & Gunn also announced its new brewery location. The brewery revealed:
“We’re delighted to announce Heriot-Watt University’s Research Park to the west of Edinburgh – home to the world-renowned International Centre for Brewing & Distilling – as the location for our brand new brewery. Subject to planning permission and further corporate and regulatory approvals, it will be the first major brewery to be built in Edinburgh for 150 years.”
In regards to what the Seedrs funds will be used for, the Innis & Gunn team added:
“All of your investment will go directly into the construction of a large scale brewery that will forever secure our long-term growth capacity and Innis & Gunn’s future in Edinburgh, and a home for our brand, our staff and our community.”
So far, the campaign has raised more than £2.2 million from nearly 1,500 Seedrs investors.
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