Salcombe Gin hits £800k funding target in 24 hours

English gin producer Salcombe Distilling Co has exceeded its crowdfunding target of £800,000 (US$1 million) in under 24 hours. The Devon-based gin maker launched the campaign on crowdfunding platform Seedrs, which has raised £870,535 (US$1.1m) from 206 investors to date. According to the producer, the fundraising drive has received “huge interest” from investors and Salcombe Distilling Co will continue to accept funding beyond its initial target. Launched in July 2016, Salcombe Gin has grown 400%…

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