Edinburgh’s Holyrood Distillery has announced its new funding package with wine and spirits fintech Ferovinum. The £2 million plus deal will support its domestic and international growth plans. 

 

Founded in 2019, the distillery released its inaugural whisky Arrival in October last year. The new deal with Ferovinum will be used to release capital from Holyrood’s maturing cask inventory, to fund new fill casks and carry cased goods to overseas markets, as it continues with its releases of new spirits.  

 

Ferovinum is the only funding platform exclusively supporting wine and spirits businesses. Holyrood cite its technology and team as the key element behind the deal. As distillery manager Huw Wright 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 director of spirits Gregor Mathieson adds: “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.”