Drop Bear is a multi award-winning specialist brewer of <0.5% craft beers. Available in 6 global markets and with over 160K bottles brewed, Drop Bear's revenue has increased +1907% Oct '19 versus Oct '20. We are raising to build a dedicated alcohol-free brewery.
Drop Bear launched in 2019 with a clear mission - brew game-changing alcohol-free beer and build a better world in which to drink it. We've since brewed >160000 bottles of beer and have had numerous award wins ranging from a World Beer Award to a Great British Entrepreneur Award.
We craft each beer to be accessible to as many consumers as possible: all are vegan, gluten-free, low sugar and low calorie. We have 4 products available in 6 countries across the world with an additional market due to launch in early 2021.
Around 84% of global drinkers want to reduce or moderate their consumption of alcohol. In 2020, the Global Non-Alcoholic Drinks market was valued at roughly $18 billion. In the UK, the Low & No category sits at £450m with growth of 58% 2019-2020.
We've been trading for 18 months and despite the restrictions of COVID-19 our revenue has increased +1907% Oct '19 versus Oct '20 and sales growth experienced over the initial lockdown was +1875% Feb-Aug 20. Total revenue for the calendar year to Oct '20 was £89,330 (EBITDA -£149k).
We've got the beer, the brand - now it's time for the brewery!
We are raising to expand the team and plan to build only the second dedicated alcohol-free brewery in the UK to:
* Sustainably scale up production security & control
* Further foster innovation & collaboration
* Improve environmental commitment
* Create an additional, compelling USP