Innis and Gunn smashes £1 million crowdfunding target

Craft beer makers Innis and Gunn have reached their £1 million crowdfunding target in just three days.

Dougal Sharp, Innis & Gunn founder and master brewer. Picture; contributed

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Despite reaching the target 26 days ahead of their target, the company is keeping the funding open to give interested parties the chance to invest.

The £1 million target aimed to raise £1 million in equity, with Innis and Gunn selling 2% of its share capital, however the company will be accepting further investment in exchange for releasing additional equity.

After 24 hours of being exclusive to current bond holders, the target reached over £500,000 after two days.

Additional funds that are invested will go towards accelerating the growth of Innis & Gunn’ in England and North America.

The company is seeking to double its £25 million turnover in the next three years as well as develop new beers for their audience.

Dougal Gunn Sharp, Founder and Master Brewer at Innis and Gunn, said: “The response from the public has been overwhelming. We did not expect to reach the target in such a short time, we are absolutely thrilled, and grateful to all of our investors so far – we can’t wait to get started on this next chapter together.

“Making great craft beer has been at the heart of this crowdfunding campaign, so it’s been excellent sharing our passions with so many investors. Every penny we raise is going to grow our potential to make even more great beer”.

For more information on the campaign, visit: www.crowdcube.com/innisandgunn