Camden Town Brewery smashes £1.5m crowdfunding target
- Credit: Polly Hancock
A brewer who began his career beneath a pub in Hampstead has seen his bid to raise £1.5million from the public fulfilled – paving the way for him to open a second brewery in north London.
Jasper Cuppaidge, founder and director of Camden Town Brewery, has seen sales of his craft beers grow at a phenomenal rate since launching in 2010.
Outgrowing his current brewery in the arches of Kentish Town West underground station, the 39-year-old launched an online appeal for investors to help him sell 40million pints by 2020 by building a second brewery.
On Saturday – and after less than a month – more than £1.5million had been raised via crowdfunding site Crowdcube, offering two per cent equity. It has now reached £1.75million after the brewery extended the deadline for investments.
It marks another major chapter in the Mr Cuppaidge’s journey as a London brewer, which began when the Australian became the landlord of The Horseshoe pub in Heath Street in 2006 and started making beer in its basement.
He says he is currently scouting for a suitable site for his new brewery somewhere in north London.
The company wrote on its website: “Our main goal has always been to share the great taste of Camden Town Brewery’s lagers with the rest of the world. So, with a little more time left for you to invest, we’re setting out a new challenge: let’s see just how far we can take this.”