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Edinburgh's
Holyrood Distillery has successfully
secured a significant new funding
arrangement in collaboration with
Ferovinum, a specialised fintech
focusing on wine and spirits.
Edinburgh's
Holyrood Distillery has successfully
secured a significant new funding
arrangement in collaboration with
Ferovinum, a specialised fintech
focusing on wine and spirits. This
financial support aims to bolster
Holyrood's ambitious plans for domestic
and international expansion in 2024 and
beyond.
The substantial deal, exceeding £2
million, will be utilised to unlock
capital from Holyrood's maturing cask
inventory. The primary focus is on
financing new fill casks and
transporting cased goods to overseas
markets, as the company executes an
extensive program of new product
launches and market expansion for its
innovative whisky, gin, and rum brands.
At the forefront of Scotland's dynamic
new era of whisky production, Holyrood
Distillery, established in 2019, is
committed to crafting spirits that truly
reflect the capital city's rich history
as a hub of brewing and distilling.
This announcement comes on the heels of
last October's release of the
Distillery's inaugural whisky,
'Arrival,' marking one of the first
single malt whiskies produced in
Edinburgh in a century.
Ferovinum stands out as the exclusive
funding platform dedicated solely to
wine and spirits enterprises. Their
pioneering technology, a first of its
kind, is tailored to meet the unique
funding and growth requirements of
businesses in these sectors, offering a
more agile and cost-effective
alternative to traditional funding
avenues.
The platform's innovative approach
involves holding ring-fenced assets
throughout production, storage, global
distribution, and retail fulfilment.
This provides companies with the
flexibility to convert maturing stock
into capital whenever the need arises.
Crucially, Ferovinum's technology
seamlessly integrates with supply chain,
logistics, and other business functions,
enhancing overall efficiency throughout
the business process.
The specialist capabilities of
Ferovinum’s technology and team were key
for Holyrood Distillery Managing
Director Huw Wright, who explains: "Ferovinum
has allowed Holyrood Distillery to
unlock future plans earlier, with ease
and speed. The Ferovinum team go above
and beyond to be true partners, finding
solutions to any hurdles that arise.
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."
Ferovinum’s Director of Spirits Gregor
Mathieson added: "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. Their need for
partners who share their ambition, and
who can provide genuine, specialist and
hands-on support, means they are a
perfect fit for Ferovinum and our
technology. With the brilliant
foundation they have put in place, we
know that Holyrood’s spirits are ready
for take off, and we are very proud to
be playing a part in their ongoing
success."
Established in 2018 by finance
aficionados Mitchel Fowler and Daniel
Gibney, who share a passion for wine and
spirits, Ferovinum originally emerged to
bolster the thriving wine industry in
the UK. However, in 2022, the business
broadened its scope to encompass the
whisky and spirits sector. Today, the
Ferovinum platform is the preferred
choice for an expanding array of
businesses, including distilleries,
wineries, merchants, independent
bottlers, and brand owners.
You will find the current
Glenfiddich whisky range available from specialist online whisky
shops such as
The Whisky Exchange
and
Master of Malt
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