Cotswolds Distillery hits Angel’s Share crowdfunding target within first week

15 December, 2015

The Cotswolds Distillery reached the minimum funding target in its Angels’ Share crowdfunding round in just one week.

The company was seeking £500,000 to invest in the production of the distillery’s single malt whisky, which is due to be released in 2017.

It aims to produce 175,000 bottles of whisky a year.

The round is now overfunding and Cotswolds is now making up to £1,000,000 available in equity until the funding closes on February 4.

Investment packages range from £1,000 to £50,000, with rewards – which includes everything from private distillery tours to your own cask of whisky – matching the scale of the investment.

Cotswold Distllery had chosen the CrowdBnk funding platform to manage the round.

CrowdBnk had previously completed successful funding rounds for craft brewer Innis & Gunn and English winery, Hambledon Vineyards.

Daniel Szor, founder and chief executive of the Cotswolds Distillery, said: “We are overjoyed by this great vote of confidence in our company, its progress so far and our ambitious plans for the future, which are behind the fantastic investor demand we’ve seen over the past week.

“Craft spirits are an exciting and fast-growing sector, and we believe the opportunities for an appealing brand backed by a well-structured company in an ideal location are limitless. 

“We are happy to have been able to expand our investor base and add a legion of new brand ambassadors to our growing community.”

Ayan Mitra, founder and chief executive of CrowdBnk, said: "The tremendous success of the Angels’ Share reflects the growing interest in both craft spirits and crowdfunding, two disruptive industries. 

“This record raise for the platform is down to the outstanding quality of the Cotswolds Distillery's management team combined with CrowdBnk's unique approach of selecting, due diligencing and curating investment opportunities for investors."

For more information on the share offer, please click here.

Founded in 2013, the distillery began production the following year and its Cotswold Dry Gin has already won several awards.

The distillery’s visitor centre already attracts some 10,000 tourists annually.

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