Scotland-based WooHa Brewing Company passed its £600,000 crowdfunding target in only 19 days.
The team at Kinloss, Moray, met with dozens of potential investors at roadshows in London, Manchester, Edinburgh and Inverness throughout January month. The online campaign was part of a drive to raise £1.5 million to hire international sales staff and increase production by 1700% over the next three years.
It also plans to launch new products, including a 500ml can for the Chinese market.
The Crowdcube crowdfunding page closed early after raising £612,780 from 199 investors.
Heather McDonald, WooHa Founder and Chief Executive (pictured above), said: “We are blown away by the high level of interest from investors in this campaign and look forward to welcoming nearly 200 new investors to our clan.”
WooHa moved into a new 6.2-acre site in Kinloss in 2017 and recently appointed former BrewDog, Red Bull and Carlsberg executive Scott McCallion as head of sales. The firm aims to increase capacity from 5,000 hectolitres per year to 88,000 hectolitres by June 2023.
McDonald added: “WooHa Brewing Company is a craft beer brewery with a difference. It has big aspirations, a strong growth plan focused on the export market and an exit strategy to maximise return on investment. We are all very excited about the opportunities this crucial funding will unlock.”