Sparkling Success Hambledon #CODEInvested
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A brief update from “fizzy” crowdfunding success Hambledon who let us in on how busy they’ve been this summer.
Hambledon first approached us in 2015 seeking finance to enable them to stock build their cellars and to expand a vineyard on one of their sites in Hampshire. The vineyards are only 105 miles North of Champagne, and the company believes its ‘Upper Cretaceous chalk’ terrain is geologically a match for Champagne chalk.
Marry perfect terrain with ideal weather conditions for growing Champagne grapes, add in Hervé Jestin, one of the finest oenologues in Champagne and you have a recipe for a sparkling success.
Hambledon’s goal to help them grow the business was to raise £2,750,000.00 through CrowdBnk, and in return offered savvy investors secured convertible bonds at 8% over a five-year term. They also included reward to investors that included a regular supply of their award winning sparkling wine.
In June 2015 they succeeded in raising £3,500,804.00 – over a quarter more than their original target.
We caught up with the English sparkling wine producers this month, to find out what they’ve been up to since they raised with us.
Since raising funds with CrowdBnk, plans for the new cellar and the extension of the vineyard at their Meonhill site are now well underway.
They’ve also been busy hosting and attending several events this summer. This includes their annual Hambledon Hosts Hampshire Dinner, the Hampshire Wine Festival, and the Smoked & Uncut food festival in Somerset hosted by The Pig hotel group.
If you didn’t make it to any of those events, there are several more to come before the year is out, where you can sample their award winning wines, including a chocolate tasting evening, and the chance to make your own Christmas sparkling wine.
If Hambledon’s success has peaked your interest to seek funding or to invest in something similar, take a look at how you can raise with us or sign up to our newsletter to get regular investment update news.
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A growing number of institutional lender are redirecting their funds, to provide finance to UK SMEs.
CODE Investing has entered into a strategic collaboration with City of London Group to originate SME loans
CODE Investing has entered into a strategic partnership with BNP Paribas Asset Management to originate SME loans.
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