CLIENT: THE SYDNEY SKINNY
OUTLET: WA TODAY/SMH/THE AGE
Old Young’s Distillery in the Swan Valley set crowdfunding records on Tuesday night after offering everyday punters the opportunity to hold a stake in its $32 million company as part of its plans to fast track the company’s expansion.
The company achieved its $2.7 million target via equity crowdfunding platform Birchal in just 23 hours, making Old Young’s equity crowdfunding’s the biggest WA raise and the biggest raise in Australia this financial year. It is also the biggest alcohol raise ever in Australia.