Cawston Press raises £1mn for expansion plans
British drinks company, Cawston Press, has raised £1mn ($1.3mn) in an equity fundraising round, to help support its expansion both in the UK and abroad.
The pressed juice brand said that the total was achieved through existing shareholders, members of the Cawston Press team from the UK, Australia and the USA, as well as a select number of investors from the food and beverage industry.
“Our team is made up of people who want to make better quality soft drinks the norm, not the niche,” said Steve Kearns, Managing Director of Cawston Press.
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“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.
“We are delighted that many of the wider team have chosen to participate and now become shareholders in the business.”
Founded 30 years ago in the UK, Cawston Press produces pressed juices, sparkling drinks and fruit waters.
In recent years, the firm has pushed for international distribution, launching into natural and speciality food channels in the US in 2017.
Later this summer, Cawston Press sparkling drinks will also launch in France.