Cawston Press raises £1m for ambitious expansion plans
British soft drinks company Cawston Press has announced that it has raised £1m in an equity fundraising round to support continued expansion at home and overseas.
The company said the total has been reached through existing shareholders and members of the Cawston Press team from the UK, Australia and USA, as well as a select number of private investors in the food and drink industry.
The fundraising comes at a critical moment for the brand, following the recent introduction of its no added sugar sparkling range recipes in the UK and a continued push for international distribution.
In 2017, the brand first launched into the US natural and speciality food channels and is now supporting this market with a bigger local team and key retailer trade marketing programmes.
“When we initially considered undertaking a full external fundraising round, we quickly realised that there was sufficient appetite from within our own ‘Cawston Crowd’ of founder shareholders, the management team and close industry contacts to raise the necessary money ourselves,” said MD of Cawston Press, Steve Kearns.
“We are delighted that many of the wider team have chosen to participate and now become shareholders in the business,” he added.