Innis & Gunn to roll out restaurants after smashing crowdfunding target

01 December 2016 by
Innis & Gunn to roll out restaurants after smashing crowdfunding target

Independent craft brewer Innis & Gunn has raised £2.5m through a crowdfunding campaign to open further Beer Kitchen sites.

The AdventureCapital campaign originally aimed to raise £1m in equity, with Innis & Gunn selling 2% of its share capital.

It launched on 1 November, and raised £1m in under 72 hours. For the rest of the month, the campaign became ‘overfunded' resulting in Innis & Gunn selling a total of 4.79% of its share capital to 2012 investors in return for £2,474,530.

Currently three Beer Kitchens are in operation in Edinburgh, Dundee and St Andrews.

Dougal Gunn Sharp, Innis & Gunn's founder and master brewer said: "Raising £2.5m is an amazing achievement and is testament to the belief the public has in our potential to affect and change the future of beer in the UK and abroad.

"We've worked tremendously hard over the past 13 years to brew great tasting, award winning beer and this campaign has given us the opportunity to do even more. I'm most looking forward to our next annual general meeting where I can meet many of these investors in person.

Last year, Innis & Gunn's turnover, excluding duty, was almost £12.5m which is expected to grow to £22m in 2017 - an increase of 78% from 2015.

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