Less than three years after securing £2.4 million in funding through its Crowdcube round, Scottish brewery Innis & Gunn has launched a new equity crowdfunding campaign, this time on Seedrs. The company is currently seeking £3 million and is offering 1.96% in equity at a £149,750,989 pre-money valuation.

As previously reported, Innis & Gunn has dubbed itself the second-largest craft brewer in the UK and recently opened its first bar-restaurant, The Beer Kitchen, in Edinburgh. Within a matter of six months, the restaurant won the Best New Concept Award in casual dining and the brewery reportedly acquired Perth-based Inveralmond Brewery.

“Since our launch in 2003 Innis & Gunn has led the craft beer movement and become one of the most successful modern craft beer businesses of its time, enjoying 15 years of uninterrupted volume growth. Our beers can be bought in over 30 countries and we have twice won the Queen’s Awards for International Trade. Our beers are amongst the most awarded in the world and Innis & Gunn is one of only a handful of modern, independent beer businesses that have grown beyond 100,000 hectolitres (1 hectolitre = 100 litres) without having been acquired by one of the big brewers. Innis & Gunn is unique and incredibly rare in the world of beer.”

The brewery’s team also noted that since its launch they have dreamed of building a large scale brewery in Edinburgh as well as create a real home for their business, their people, and their community.

“However, building a large scale brewery is expensive so we wanted to ensure that we had enough scale in our business to support the decision. So, for 16 years we brewed with our recipes in other people’s breweries, using our people, materials and yeasts, and instead concentrated on scaling our business and building our brand.”

In regards to what the Seedrs funds will be used for, the Innis & Gunn team added:

“All of your investment will go directly into the construction of a large scale brewery that will forever secure our long-term growth capacity and Innis & Gunn’s future in Edinburgh, and a home for our brand, our staff and our community.”

Since its debut, the Innis & Gunn Seedrs campaign has raised more than £810,000 from nearly 500 investors. It is set to close later this winter.

 

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