Tuesday, July 16, 2024

Alcohol-free craft brewery, Drop Bear Beer Co., seeks £700,000 to propel growth

Welsh alcohol-free craft brewery, Drop Bear Beer Co., is embarking on a significant fundraising campaign to secure £700,000 in a Convertible Loan Note round. The lead investor for this round is Henry Engelhardt’s Wrightwood Investments, marking a pivotal moment for the company with a total of £2.1 million raised to date.

Drop Bear Beer Co. has been a trailblazer in the alcohol-free beer market, outpacing competitors with rapid growth four times faster than the industry average. The company’s success is attributed to its unique positioning, blending Welsh and Australian influences, and a commitment to producing high-quality, carbon-neutral, vegan, low-calorie, and gluten-free alternatives.

The global alcohol-free beer market has experienced a CAGR of 7% over the last four years, and Drop Bear’s revenue growth reaches far beyond that.

Founders Joelle and Sarah Drummond, a married couple, have not only captured the essence of their diverse backgrounds in their beers but have also garnered over 30 international awards. Their vision extends beyond creating exceptional brews to owning their own brewery, a crucial step for Drop Bear Beer’s sustained growth.

Henry Engelhardt, Admiral Insurance Founder and former CEO, first discovered Drop Bear in the Western Mail. Impressed by the founders’ talent and the brand’s commitment to sustainability, he has invested in a previous round and is leading the current fundraise.

Engelhardt expressed confidence in Drop Bear’s trajectory: “The business is going from strength to strength, winning contracts, gaining sales, and soon they will start manufacturing the beer themselves—a big step for the business and a further test of their managerial competence.”

The official launch of Drop Bear Beer Co.’s newly acquired brewery in Swansea is set for January 6, 2024.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.
















Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close