WooHa Brewing Company successfully raised £600,000

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Successfully funded

Capital at risk

overfunded

WooHa Brewing Company

102%

Raised: £617,880

Investors: 221

Target: £600,000

Equity: 11.00%

Pre-money valuation: £5,000,000

WooHa is a bold, ambitious Scottish brewery with a focus on export. With an established portfolio of export partners, funding is required to continue to build our sales team, support and grow our international customer base and fund promotional activity to get everyone a little WooHa!

Two contracts in place in China
An average of 23% of Hectolitres Sold were Exported, 2016-2019
New Head of Sales ex BrewDog, Red Bull and Carlsberg
6.2 Acre Owned Site with Equipment in Place

£100,000 of the funds displayed on the progress bar have been drawn down by Wooha ahead of the close of the round. These funds may be spent prior to completion

Idea

WooHa... come join the clan

WooHa Brewing Company is an export-focused company with big ambitions. WooHa has exported to the USA since 2015, and its international portfolio now includes countries across Europe and South East Asia, most recently China. Located on a fully-equipped 6.2 acre site and with a new Head of Sales (ex-Brewdog, Red Bull and Carlsberg), WooHa is primed for growth.

WooHa is planning to exit circa 2023. To achieve this, we have a strong vision that we hope will allow us to grow the brand rapidly and in a sustainable way. Key to this will be our sales team; we need people on the ground. We also need to arrive with a bang, fully backed by a robust marketing support with promotional activities and support for our international partners. The funding secured through this raise will allow us to bring on three new members to our sales team.

The funds will also go toward the production of our new 500ml can for the China market. WooHa has long recognised the need for products tailored to each market - having recently developed our US steel keg range - and we hope the new canned product will be a key asset for our growth in China. We are in discussions with a manufacturer to produce cans which will minimise CapEx, freeing up funds for sales and marketing.

WooHa is ready to grow in a big way next year - now is your chance to join the clan and be a part of it!

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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.

WooHa Brewing Company has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 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.

Idea

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