Welsh alcohol-free craft brewery, Drop Bear Beer Co, is embarking on a major fundraising campaign to secure £700,000 in a Convertible Loan Note round.
Drop Bear founders Joelle and Sarah Drummond
The lead investor for this round is Henry Engelhardt’s Wrightwood Investments, marking a pivotal moment for the company with a total of £2.1m raised to date.
Drop Bear has outpaced competitors in the alcohol-free beer market with rapid growth four times faster than the industry average.
The company blends Welsh and Australian influences, and has a commitment to producing high-quality, carbon-neutral, vegan, low-calorie, and gluten-free brews.
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 more than 30 international awards. Their vision extends beyond creating exceptional brews to owning their own brewery.
Henry Engelhardt, the founder of Admiral Insurance Founder, 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.
He said: “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 6th January. The company plans to celebrate the occasion with a launch party during Dry January.
Joelle said: “We might stop Swansea if all of our 800 crowdfund investors beat a path to our door.”
Prospective investors and interested parties can obtain more information or express interest by emailing investments@dropbearbeers.com.
