In just under 12 months of trading, the first Irish Brewery to establish themselves as a Co Op – where each shareholder gets 1 vote. Is getting ready to raise further capital to further enable them to continue their expansion.
Last years stats were mind boggling, they raised more than their target in 8 days, they were looking to raise £70,000, they raised £100,000. Upon reaching this landmark amount the fundraising stopped immediately, leaving many disappointed investors, myself included.
So the opportunity to join the already 447 member strong Co-Operative is going live on Monday 7th December @ 9am. Presales to members have been going really well, given that by 1730 on Sunday 6th they’d raised over £20,000.
I spoke to Matthew Dick, Brewer & Board Member last week about what their goals are and what they hope to bring with this round of fund raising. It was a great old chat on Skype as he was tasting a sneaky sample of a new Boundary beer. Principally the funds will be used to purchase packaging equipment? So this means the brewery team will be able to package automatically in an efficient manner. Rather than the manual bottle filling that takes place courtesy of the army of volunteers the Brewery has. This will enable the guys to get more of the beers out quicker. There are a number of other things, but mainly, this investment series will enable Boundary to scale up their production, and commence exporting to ROI, and mainland UK very quickly.
So what are the financial details?
- Minimum Investment £100
- Max Investment £20,000
- Open world wide to anyone (that can process Stripe payments)
- Capital Investment will commence being repaid after a period of 3 Yrs, at a rate of up to 5% of your investment amount per annum + Dividend if the brewery is profitable
- For your investment you get 1 vote at the AGM