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Chapel Down's Curious Drinks gains hundreds of new stakeholders and £1.7m investment

Published:  06 April, 2016

Curious Drinks, Chapel Down's wholly owned subsidiary beer and cider business Curious Drinks, has welcomed nearly 900 new stakeholders after raising over £1.7m in a crowdfunding initiative.

Chapel Down's Curious Drinks has raised £1.16m raised through Seedrs equity crowdfunding campaign and £550,000 through share placing.

Curious Drinks, which specialises in beer and cider, will use the funds to meet growing demand in both the UK and internationally and to build a state-of-the-art brewery.

The campaign, which went live on the Seedrs crowdfunding platform in October 2015, has raised £1,710,700 with 895 investors, exceeding its original £1m target by 71%.

Investments ranged from £100 to £35,000.

Through the selling of shares, £550,000 has been raised, including £275,000 from the directors of Curious Drinks and Chapel Down.

Placing, the selling of shares, will remain open for investments of over £25,000 until April 30.

The new funds will be used to construct a state-of-the-art brewery and visitor attraction in the heart of Ashford, Kent.

Construction is expected to begin in Summer 2016 and be operational by Spring 2017.

Proceeds will also be used to further strengthen the Curious Drinks team, enhance its domestic and international routes to market and develop the brand.

Frazer Thompson, CEO of Curious Drinks, said: "The success of our Curious Drinks crowdfunding campaign is further testament to the revolution taking place in the British beer business. Customers want great beer and we're delighted that they love Curious as much as we do. We are pleased to welcome nearly 900 new shareholders who we know will become fantastic brand ambassadors.

"Since launching Curious Drinks, we have been thrilled by its rapid success. But to have earned the support of 895 shareholders who believe in the brand and who want to support us on our journey with their hard earned cash is truly humbling."