Scottish brewery Innis & Gunn is set to close its latest equity crowdfunding campaign on Seedrs with more than £3.2 million secured. Through the campaign, which originally launched in December, the brewery sought to raise a minimum of £3 million.
Innis & Gunn is claiming to be the second-largest craft brewer in the UK and recently opened its first bar-restaurant, The Beer Kitchen, in Edinburgh. The brewery claimed that within a matter of six months, it won the Best New Concept Award in casual dining and the brewery reportedly acquired Perth-based Inveralmond Brewery. The latest funding round comes less than three years after Innis & Gunn secured £2.4 million in funding through its Crowdcube round.
“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 ultimate goal has always been to have our own brewery on our home turf, a brewing focal point for the city. We want to put Edinburgh back on the international brewing map, and with this investment secured we’re going to be able to do just that. We’ve got ambitious growth plans for the future and the brewery is going to be instrumental in reaching our long-term potential. With this key step now in place, we’re looking forward to a very bright future.”
Funds from the Seedrs round will go directly into the construction of the Innis & Gunn’s large scale brewery that will secure its long-term growth capacity. Innis & Gunn is offering 1.96% in equity at a £149,750,989 pre-money valuation.
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