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.
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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.”
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