Drinksology Kirker Greer funding news – Belfast-based Drinksology Kirker Greer has Raised €7.7 Million in Funding
Nov 20, 2024 | By Kailee Rainse
Founded in 2022 by Richard Ryan and Steven Pattison, Drinksology Kirker Greer (DKG) Group, a Belfast-based spirits and hospitality design startup, has secured €7.7 million from Whiterock’s Growth Capital Fund to boost its global expansion.
SUMMARY
- Founded in 2022 by Richard Ryan and Steven Pattison, Drinksology Kirker Greer (DKG) Group, a Belfast-based spirits and hospitality design startup, has secured €7.7 million from Whiterock’s Growth Capital Fund to boost its global expansion.
- Drinksology Kirker Greer is an independent company dedicated to creating trusted spirit brands across a wide variety of categories.
The funding, a mix of equity, debt, and expert consultancy, will support the growth of DKG’s three main divisions: Drinksology Creative, Kirker Greer Spirits, and Spiritly.com.
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Co-founder of the DKG Group, Steven Pattison, said: “We believe our business and brands have a bright future. Over the last 24 months, we have been strategically adding to our team, building out our long-term plans, and steadily moving into our next phase of execution. We are comfortable investing ahead of the curve, and this funding package provides us the firepower to keep doing so. It will allow us to leverage our strengths and continue making strategic investments that ensure our growth and success on the global stage.“
Over the last 18 months, DKG has expanded its team from 35 to 49 employees and invested heavily in its brand portfolio. All three business units have grown, with Kirker Greer Spirits reaching more markets and Spiritly.com, the company’s direct-to-consumer platform, preparing to launch in Europe and the US.
DKG is also committed to sustainability, earning B Corp certification across all its companies and brands.
The €7.7 million funding marks the first investment by Whiterock’s new €89 million Growth Capital Fund, which supports high-growth companies in Northern Ireland and the UK with strong market potential.
Paul Millar, CEO of Whiterock Capital, said: “We are excited to invest in the DKG Group, a business led by exceptional and visionary entrepreneurs. The company’s world-class executive team and staff have proven their ability to deliver and the trust they have garnered from some of the biggest brands globally is a testament to their expertise. The combination of DKG’s track record, the unique dual-market access Northern Ireland provides to both the UK and EU, and their ambitious growth plans made this a very attractive first investment for the Growth Capital Fund. The deal will be the first in a series of investments that we expect to be able to announce over the coming months.“
About Drinksology Kirker
Drinksology Kirker Greer is an independent company dedicated to creating trusted spirit brands across a wide variety of categories.