Holyrood Distillery partners with Ferovinum with £2m funding package

E7AF97BE-55B9-4CE7-A586-A15D0819201E

Holyrood Distillery has secured a major new funding package with specialist wine and spirits fintech Ferovinum.

The new £2 million plus deal will be used to release capital from Holyrood’s maturing cask inventory, primarily to fund new fill casks and carry cased goods to overseas markets, as the business rolls out a busy programme of new releases and market expansion for its innovative whisky, gin and rum brands.

This week’s announcement follows the release last October of the Distillery’s inaugural whisky ‘Arrival’ – one of the first single malt whiskies to be produced in Edinburgh in a century.

The specialist capabilities of Ferovinum’s technology and team were key for Holyrood Distillery Managing Director Huw Wright, who explains, “Holyrood Distillery has some ambitious plans in place so we require partners who can keep up, see the vision and enhance it. This is exactly why Ferovinum was chosen and asked to come on board, and we are thrilled that they have agreed to come along on this exciting journey with us.’

The Ferovinum platform works by holding ring-fenced assets during production, storage, global distribution and retail fulfilment, giving the flexibility to convert maturing stock into capital at any point. The technology also integrates with supply chain, logistics and other business functions.

Ferovinum’s Director of Spirits Gregor Mathieson said, “The Holyrood team has achieved a remarkable feat in the past few years, bringing a thriving new Distillery to the heart of Edinburgh and leading a bold new era of modern whisky making in Scotland.

“Following the success of their excellent first single malt Arrival, this is their time to grow, and to showcase their highly innovative and extraordinarily good spirits to the world.”

 

Category: News, Whisky
Tags: Ferovinum, funding, Gregor Mathieson, Holyrood Distillery, Huw Wright