Camden Town Brewery has launched a crowdfunding campaign through Crowdcube to raise £1.5m in exchange for 2% of equity to help it build a new state of the art brewery and to expand its export markets.

The company, which was founded by Jasper Cuppaidge and is chaired by Sir John Hegarty, co-founder of advertising agency Bartle Bogle Hegarty, has so far secured just over £82k from 130 investors. It currently has a loan of £600k to refit its pubs - the Horseshoe in Hampstead and O’Reillys in Kentish Town.

The group, which supplies a number of restaurants including Byron, has grown it annual revenues by 10 times from £90k to circa £9m in just three years. It forecasts sales doubling by the end of this year and reaching just under £60m by the end of 2020.

EBITDA currently stands at £361K, but is expected to reach £1.4m by the end of this year and £12.8m by 2020.

The company is also looking to expand its exports markets and is actively seek distribution partners.

Its beers are currently sold in 600 bars in London and another 600 via its partner wholesalers throughout the UK. It also owns The Brewery Bar on its current site.

Cuppaidge said: “We think we’ve only just scratched the surface of what we can achieve at Camden Town Brewery. Were committed to delivering great beer as far and wide as we can and everyone at Camden believes passionately in our long term vision. We hope that our Shareholders choose to stay with us on that journey.

“Our goal right now is to reinforce our vision up to 2020 ensuring we keep creating great quality beer and pushing strong financial growth. Beyond that, we see a huge number of potential options for the company. You only need to look at the US craft beer market to see exit multiples of 13x EBITDA. Some craft brewers like the Appalachian Mountain Brewery have already gone public and we think there’s a real appetite for a company that can grow while staying true to its roots.”