Christchurch craft brewery Two Thumb Brewing has raised more than $NZ900,000 to expand their brand via equity crowd funding.
Launched by friends Dave Dixon and Mark Limber, Two Thumb has expanded and grown from turning over $82,000 in its first year to being on track to achieve $1.5 million this financial year.
At the start of 2022, Two Thumb took over a production brewing facility and venue built and owned by Lion Nathan in Colombo Street Central, Christchurch that was formerly known as The Fermentist.
Through the Equitise crowd funding platform, the Two Thumb team wanted to raise funds to bring on additional sales and marketing resources, plus open two new venues in Christchurch including a gaming and hospitality-cross venture. According to New Zealand news website Stuff the proposed venue would involve a local gaming start-up providing e-sports content and Two Thumb providing food and beverage.
At the close of the deal, Two Thumb had raised $NZ906,900.
“This allows us to create a formula for a network of more premises. We know how to do it now, and we’re good at it,” Mark Limber told Stuff.