The Dublin Whiskey Co. has raised more than €400,000 ($446,532) in crowdfunding for product development and marketing.
Based in Ireland, the Dublin Whiskey Co. is a funding, procurement and distribution enterprise for Irish whiskies.
Go deeper with GlobalData
The Dublin Whiskey Co. said that 44% of the €433,468 capital would be used for product development while 18% would be for promotion. The company is retaining 24% as “cash in bank”, with the remaining 14% being used to meet overheads.
According to the company’s Crowdcube pitch, the business sold 18,000 bottles in its first quarter of 2024. Its main markets are Ireland, Germany and the Baltics. The The firm’s portfolio includes the Irish whiskey brands Dublin’s Own and Redemption.
The Dublin Whiskey Co. was an Irish distillery that was originally established in 1872 and closed in the 1940s. The brand was revived in 2017 by former Glanbia executive and Diageo finance director Lorcan Rossi.
“Historically recognised as one of the ‘six great distillers of Dublin City’, DWD was lost to history, the others now either closed or owned by multinationals. We aim to revive this once iconic brand in Ireland, bringing it home,” The Dublin Whiskey Co. said on Crowdcube.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe export value of Irish spirits dropped 9.3% in 2023 in 120 global countries to €1.32bn ($1.44bn), Eurostat and Drinks Ireland data shows.
The trade body noted that this is the first time global export values have declined since 2020 when they slumped 15.9% to €1.26bn at the height of the Covid-19 pandemic.
The drop, trade body Drinks Ireland said in its report, is linked to “higher inflation driving higher interest rates leading to weaker consumer spending and businesses being more careful on the amount of stock they hold”.
At its lowest ebb in the 1980s, Irish whiskey production was reduced to just two operating distilleries – Midleton and Bushmills. However, by 2022, the number on the island of Ireland was over 40.
