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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 15:44

Estonian beverage producer Punch Drinks raises over EUR 300,000 from investors

BC, Tallinn, 14.09.2020.Print version
Estonian alcoholic cocktail and soft drink producer Punch Drinks has raised over 300,000 euros on the investment and trading platform Funderbeam and is extending the deadline for raising money until Monday evening, writes LETA/BNS.

"As the interest in it has been high, we decided to extend the campaign slightly," Kristjan-Walter Kask, CEO of the company, said.

 

Punch Drinks is planning to expand its exports to Scandinavia, develop new products and open a facility which will combine a showroom bar with an innovation laboratory and production facility, the company said.

 

Those who have already invested money in the company include Indrek Kasela and Adcash founder Thomas Padovan, who is also the main investor in the campaign.

 




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