Craft beer brewer Wicklow Wolf has secured €2m in funding that will see the company move to a larger premises, while also taking on 20 additional staff.
The new investment was led by the food syndicate of the Halo Business Angel Network (HBAN), a joint initiative between InterTradeIreland and Enterprise Ireland. HBAN’s food syndicate includes Jelly Bean Factory co-founder Richard Cullen and The Company of Food managing director Helen Cowzer, and is chaired by Stephen Twaddell, formerly the head of Kellogg’s Europe and now chairman of Wicklow Wolf.
In total, the syndicate contributed €722k of the funding and is the second time it has invested in Wicklow Wolf in the last 18 months. The money will primarily be used to push the craft brewer into international markets.
Wicklow Wolf was founded in August 2014 by CEO Quincey Fennelly and Simon Lynch, and has to date produced more than 16 different beers, and currently supplies into 150 pubs and 550 off licenses around the country.
“We feel that now we are well-positioned to bring Wicklow Wolf to the next level and the investment will be crucial to that,” said Mr. Fennelly. “It’s not just about funding – the angel investors from the Food Syndicate have years of experience in the food and beverages industry. They’ll have a big role to play when we expand overseas, helping us to avoid the mistakes and pitfalls that others before us have fallen into. Their knowledge and experience in manufacturing, distribution and international marketing will be of enormous value to the future of our business.”