Wine merchant and wine bar operator Humble Grape, has raised over £1m in a crowdfunding drive, and is now set to open its fifth and sixth sites.
The business, which specialises in importing high quality, sustainable wines direct from small, family-owned vineyards, already operates two existing bars in London, with Humble Grape Battersea which opened in 2015 and Humble Grape Fleet Street, which opened last year.
Funds to open its third and fourth sites have already been raised from profits from within the business, and are set to open later this year.
It has so far raised £1,023,130 and is offering 9.08% equity stake. Founder James Dawson said the company plans to open 2-4 sites each year, with the aim of building a 20-strong estate. In 2014, the company also raised £356,670 through an initial crowdfunding drive on Seedrs.
Dawson said: 'This is about offering our customers the opportunity to become further invested in Humble Grape. We’re all about bringing our customers closer to the source, connecting them with the winemakers and giving them access to wines that would otherwise be unavailable. I want Humble Grape to belong to the people who believe in what we are doing.'
The company, which also has a wine club, wine bank and a wine school, began as in importing business in 2014.
It now employs more than 35 staff and imports over 400 wines from 11 different countries. All wines are handcrafted, biodynamic, organic or sustainably produced.