Innis & Gunn doubles its initial crowdfunding target

30 November, 2016

Independent craft brewer Innis & Gunn surpassed its equity crowdfunding target by £1.5 million, raising a total of £2.5 million when its Crowdcube powered, AdventureCapital campaign closed last night.

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

The brewer launched the campaign to the public on Tuesday, 1 November, after a 24-hour exclusive access period for its BeerBond holders. The £500,000 mark was surpassed in under 48 hours and the target of £1 million reached in under 72 hours.

With the initial target met, the campaign moved into ‘overfunding’ for the rest of November, which meant Innis & Gunn accepted further investment in exchange for releasing additional equity. At the close of the campaign, the brewery has sold 4.79% of its share capital to 2012 investors.

The additional funds will enable Innis & Gunn to accelerate its growth plans and open a Beer Kitchen in England in 2017, a year ahead of schedule.

Innis & Gunn currently operates three Beer Kitchens in Edinburgh, Dundee and St Andrews and plans on opening a further three in Scotland over the next 12 months in addition to a site in Toronto, Canada.





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David Williams

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