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Donegal's Sliabh Liag Distillers plans to raise €2m in funding round

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The Sliabh Liag Distillers team in 2020. Left to right: Marion McGinley, Deirdre Byrne, James Keith, Moira and James Doherty, Agnes Cunningham and Sean Hanrahan

The Sliabh Liag Distillers team in 2020. Left to right: Marion McGinley, Deirdre Byrne, James Keith, Moira and James Doherty, Agnes Cunningham and Sean Hanrahan

An Dúlamán Irish Maritime gin from Sliabh Liag Distillers

An Dúlamán Irish Maritime gin from Sliabh Liag Distillers

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The Sliabh Liag Distillers team in 2020. Left to right: Marion McGinley, Deirdre Byrne, James Keith, Moira and James Doherty, Agnes Cunningham and Sean Hanrahan

Sliabh Liag Distillers, a Co Donegal whiskey, gin and vodka company, plans to raise €2m in crowdfunding as part of a new equity round, with the founders valuing the business at €29m.

The firm is looking to boost production capacity at its Ardara Distillery in Co Donegal. It hopes to increase output at the distillery from 440,000 litres to 600,000 litres per year.

James Doherty, managing director and co-founder of Sliabh Liag Distillers, said the demand it expects in the coming years meant now is the right time to invest in bolstering production.

He added it already had €1.3m committed from previous investors.

Sliabh Liag Distillers built its Ardara Distillery following earlier successful funding rounds. These included a significant investment from Japanese drinks giant Asahi, backing from former SABMiller executives and a previous successful crowdfunding campaign in 2020.

The new crowdfunding campaign on Crowdcube will launch later this month and run for four weeks.

Sales volumes for all Sliabh Liag Distillers’ brands – including Silkie Irish whiskey – grew by 166pc across 2021.

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