AdventureCapital aimed to raise £1 million in equity, with Innis & Gunn selling 2% of its share capital.
The brewer launched the campaign to the public on Tuesday, 1 November, after a 24-hour exclusive access period for its BeerBond holders. The £500,000 mark was surpassed in under 48 hours and the target of £1 million reached in under 72 hours.
With the initial target met, the campaign moved into ‘overfunding’ for the rest of November, which meant Innis & Gunn accepted further investment in exchange for releasing additional equity. At the close of the campaign, the brewery has sold 4.79% of its share capital to 2012 investors.
The additional funds will enable Innis & Gunn to accelerate its growth plans and open a Beer Kitchen in England in 2017, a year ahead of schedule.
Innis & Gunn currently operates three Beer Kitchens in Edinburgh, Dundee and St Andrews and plans on opening a further three in Scotland over the next 12 months in addition to a site in Toronto, Canada.
