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Winemaker Chapel Down raises £4m from private investors through crowdfunding campaign

posted Oct 7, 2014, 12:13 AM by J Shaw   [ updated Oct 7, 2014, 12:13 AM ]
Winemaker Chapel Down has raised £4million from 1,400 private investors through a crowdfunding campaign, the largest fund raising of its kind so far in the UK.


The company, England’s biggest wine producer, announced last month that it planned to raise at least £1million through Seedrs, which raises cash online from private investors.


Shares in Chapel Down – based in Tenterden, Kent – are already trading on ISDX, a shares market run by City broker ICAP. 


It is the first time a company with publicly traded shares has turned to crowdfunding.


Chapel Down, valued at £27million, said the new funds will be used to plant more vines, build a new winery and construct distribution and storage facilities, as well as building a brewery and a visitor centre.


Frazer Thompson, chief executive of Chapel Down, said previously that he wanted to provide an opportunity for his customers to ‘share in the success of the business’.


Jeff Lynn, co-founder and chief executive of Seedrs, said: ‘Equity crowdfunding has tremendous potential.’


Posted from : http://www.thisismoney.co.uk/money/markets/article-2780631/Winemaker-Chapel-Down-raises-4m-private-investors-crowdfunding-campaign.htmlu