L.A. Brewery launches crowdfunding campaign

Non-alcoholic craft kombucha brand L.A Brewery has launched a crowdfunding campaign with Crowdcube.

Founded by entrepreneur Louise Avery in 2017, the Suffolk-based company is seeking to raise £500,000 through the platform as part of a bigger £2m package of growth capital funding.

The business will use the new funds to complete expansion works at its Suffolk brewery site and for working capital purposes as it invests behind brand development and the launch of more innovative non-alcoholic craft drinks. The capital will also support off trade listings including recent listings with Ocado and Farmdrop.

Low and no-alcohol drinks category has seen rapid growth over recent years. In January 2021, a record number of British people took part in Dry January with 37% of adults saying they have cut down on their alcohol consumption (KAM), while 25% of drinkers consider themselves to be semi-regular consumers of low & no alcohol beverages (Portman Group).

“We’ve seen brilliant success with our latest products Citrus Hops and Sparkling English Rose and fantastic growth with our new online shop,” comments Louise Avery, Founder of L.A Brewery. “January was a record month for us as we saw a 171% increase in online orders compared to December 2020. The crowdfund is part of a total raise for up to £2m including the Future Fund scheme. I am excited to give our customers the chance to be shareholders.”

www.labrewery.co.uk