Scottish whisky distillery Nc’nean has secured more than £1.7 million in a funding round to help accelerate its current growth plans.
The capital, which was received from both a crowdfunding campaign and existing and new private investors, will be used to support continued growth and the launch of its first whisky this year.
The distillery exceeded its funding target just over a week since launching the campaign on the investment platform Seedrs.
Located in Drimnin, Scotland, Nc’nean establishes itself as an independent, organic and sustainable whisky distillery.
Nc’nean’s first product was a Botanical Spirit launched in 2018 and the distillery plans to use the funding to support the continued production of the spirit.
The company also plans to use the capital to buy bottling equipment and support further portfolio expansion.
The Scottish Investment Bank, the investment arm of Scottish Enterprise, was one of the investors in the round.
“We are delighted to support this female-led innovative young company, which has a strong commitment to sustainability and is creating additional jobs in a rural area of Scotland,” said Kerry Sharp, director of the Scottish Investment Bank.
Sharp added: “The Scottish Investment Bank has been pleased to support Nc’nean and congratulates the company on its latest funding round. We are excited to see how Nc’nean flourishes in the future and look forward to the release of its first whisky later this year.”
Annabel Thomas, CEO and founder of Nc’nean, said: “Nc’nean’s funding success shows the overwhelming support from our community in what we do. We would like to thank our existing investors for their continued support and welcome all our new investors on board.
“Since inception, we have strived to drive change in the whisky industry through experimental spirits and sustainable production. 2020 will be our most exciting year to date as we introduce our whisky to the world for the first time and continue to grow our business.”
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