British soft drinks company Cawston Press has raised £1m in an equity fundraising round to support continued expansion at home and overseas.
The new money comes from existing shareholders, members of the Cawston Press team from the UK, Australia and US, as well private investors in the food and drink industry.
Steve Kearns, Managing Director of Cawston Press, said: “Our team is made up of people who want to make better quality soft drinks the norm not the niche. 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.”
The brand has recently introduced no added sugar sparkling range recipes in the UK. Last year it also 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. Later this summer, Cawston Press sparkling drinks will also launch in France.