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Successfully funded
overfunded
Cadello
  • Equity
110%
Raised
£275,400
Investors
116
Target
£250,000
Equity
26.86%
Pre-money valuation
£750,000

Cadello is a new, category-defining spirit produced by a 150 year-old family-owned distillery in Italy. A unique flavour boasting 8 ingredients ‒ perfect neat or in cocktails. Distributors are already in place in the UK and Italian markets. Funds will support our continued, fast-paced growth.

  • Team includes ex P.E., Honest Grapes, Pegasus Spirits, Blakes Hotel
  • Growing our number of distributors across the UK and Italy
  • Partnerships with independent sales teams and marketers
  • In high-end venues across London and an audience of 2000+ mixologists

Idea

Cadello is a new, unique spirit inspired by the question:

“What spirit would wealthy 18th century Venetians have served at their lavish masked balls?”

We spent 3 years working with Distilleria Pisoni, a 150 year-old family-owned distillery in Italy, to develop Cadello’s unique flavour profile.

8 natural ingredients from Italy and places along the old Silk Road are infused, distilled, blended and aged in French oak barrels (with coffee beans inside) until the right depth, complexity and smoothness is achieved.

The long, 60-second finish takes you on a journey, unveiling flavours of coffee, chocolate, star anise, mint and vanilla, with hints of caramel and hazelnut.

In the first 2-3 years, we are initially targeting the UK (€6.7bn) and Italy (€1.2bn) before expanding to France, the US and China.

Following a test launch in Switzerland in Jan '18, we have:

- Launched in the UK (Sept '18)

- Engaged Pegasus Spirits as UK importer, brand manager and independent sales rep

- Partnered with Honest Grapes

- Working with distributors in Italy and the UK

- Hired UK and Italian Brand Ambassadors

Funds will be used to support our continued fast-paced growth by allowing further investment in our sales and marketing through: PR (editorial and events), social media & advertising, tradeshows & tasting events, bartender competitions and Brand Ambassadors.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Cadello has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.