David Andrew has just raised $3m in a crowd-funding campaign for his wildly successful non-alcoholic cocktail brand which started as an experiment in his kitchen.
His Naked Life Non-Alcoholic Spirits has notched up one of the biggest equity crowd-funding raises this year, with 935 investors pledging just shy of $3m with the offer closing on Thursday night.
Along the way it broke the previous record for the largest food and beverage equity crowd-funding raise, which was set by Old Young’s distillery which reached $2.7m earlier this year.
Both were on the Birchal crowd-funding platform.
Over the past three year’s Naked Life has cranked up its revenue from $400,000 a year to almost $13m, ranking it as the country’s top selling non-alcoholic cocktail brand.