Holyrood Distillery

Holyrood Distillery secures funding package with fintech Ferovinum

29 January, 2024

Edinburgh’s Holyrood Distillery has secured a new funding package with specialist wine and spirits fintech Ferovinum, to support its domestic and international growth plans in 2024 and beyond.

The £2 million plus deal will be used to release capital from Holyrood’s maturing cask inventory, primarily to fund new fill casks and carry cased goods to overseas markets, as it rolls out a programme of new releases and market expansion.

Ferovinum’s director of spirits, Gregor Mathieson, said: “The Holyrood team has achieved a remarkable feat in the past few years, bringing a new distillery to Edinburgh and leading a new era of modern whisky making in Scotland.”

The platform works by holding ring-fenced assets during production, storage, global distribution and retail fulfilment, giving companies the flexibility to convert maturing stock into capital at any point.

Ferovinum’s technology also integrates with supply chain, logistics and other business functions to deliver greater efficiencies across the business process.





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Ben Branson

Ben Branson on the future of non-alc spirits

In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.

Instagram

Facebook