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Envestors helps raise capital to produce London single malt

Published:  19 June, 2012

Envestors, the private investor network, has helped to raise money for the London Distillery Company to produce a London single malt whisky.

Envestors, the private investor network, has helped to raise money for the London Distillery Company to produce a London single malt whisky.

A lead advisory role was performed by Rising Stars (the Envestors service focused on early-stage businesses in need of growth capital), which helped raise part of the £258,000 equity funding from its network of private investors, family offices and venture capital sources.

Money raised will go towards building a distillery and setting up a sales network aimed at independent retailers, department stores, supermarkets, hotels and bars.

Darren Rook, who established LDC in 2011, is working on plans to produce the single malt whisky and an organic London dry gin.

It aims to use modern innovations in distilling equipment and technology, and operate an environmentally friendly, ethical business, producing handcrafted, premium-quality spirits.

As an additional revenue stream, the company will produce white-label spirits in partnership with retailers and others, and hopes to attract enthusiasts at the cellar door by using ecommerce platforms such as smartphones.

Rook said: "Whisky is making a huge comeback globally as people rediscover a marvellous spirit manufactured in Britain for centuries.

"Add in demand from new markets in the world's growing economies and we have a terrific opportunity. The key driver is quality and we know we can produce a fabulous dram. Rising Stars was the answer to our prayers as we are in the early stage of a fast-growing business."

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