Cotswolds Distillery seeks £1m for whisky expansion
The Cotswolds Distillery is looking to raise £1 million (US$1.3m) worth of investment to help expand its whisky production.
The English producer is now looking to “maximise its whisky production and continue its brand-building programme” through its Angel’s Share 2 fundraising platform. For 2019/20, The Cotswolds Distillery has set a fundraising goal of between £3m and £5m (US$4m and US$6.5m).
The Cotswolds Distillery will use the funds to expand its whisky range with new releases, following the launch of its “highly successful” Founder’s Choice, Peated and Lord Mayors Reserves expressions.
According to the gin producer, whisky has “shown great promise as evidenced by the significant growth rate of sales since 2017” following the launch of the distillery’s flagship Cotswolds Single Malt Whisky.
Dan Szor, founder and CEO of The Cotswolds Distillery, said: “We pride ourselves on creating award-wining English whiskies that are enjoyed across the world, and, are always looking for new investors to join us on this journey.
“In this funding round, we’re hoping to secure investment which will carry us through the next chapter in the distillery’s evolution and help support us in creating even more delicious whisky.”
The investment drive has launched following previous crowdfunding campaigns, which saw the producer raise £3m (US$4m) of equity in June 2018.
The funds raised were invested in building The Cotswolds Distillery’s business, brand and senior management team. The producer made a number of industry hires, and built a new visitor centre with tasting rooms, exhibition space and café, which was completed in April 2019.
In 2017, The Cotswolds Distillery raised more than £1.5m (US$1.8m) in one month to expand its site.
The Cotswolds Distillery’s latest investment round opened on Monday (2 December) and will run until Monday 13 January 2020. A minimum investment of £1,012 (US$1,320) is required.
The producer sells its products in at least 36 countries, including the “significant” markets of Europe and the Americas, as well as Asia and Australia.