Quantock Brewery beats Crowdfunding target by 20% to raise £120,000

Quantock Brewery set out to raise £100,000 on the Exeter-based equity crowdfunding platform, Crowdcube, but such was its popularity that the pitch overfunded and finally raised a grand total of £120,000. This takes Crowdcube’s funding total to £9.6 million for 56 pitches.

129 people are now part owners of this award-winning brewery based in the beautiful Quantock Hills in Somerset that has been brewing quality real ales in cask and bottles using traditional craft brewing techniques since 2007.

The founder, Rob Rainey says: “In the past getting money to grow the business has been a tedious process using traditional routes and it’s so refreshing to discover crowdfunding. We are delighted that the bid has attracted so much interest that we’ve ended up with an extra £20k and a great loyal following. This will help us to expand the brewing capacity and our sales and marketing territory. We have initial enquiries for retail and export which are exciting opportunities.”

Luke Lang, co-founder of Crowdcube comments: “Food and drink is one of the most popular sectors on our platform, accounting for £4.1 million and 18 out of the 56 funded pitches since 2011. And of this, drink alone represents about 75% with £3.2 million. I think this reflects the nation’s appetite to support exciting upcoming British food and drink brands.”