Situated in Shoreditch, East London, Kaelo has secured a £350,000 growth loan, (through its holding company Kaezen Ltd), from the Greater London Investment Fund (GLIF) which is managed by The FSE Group. Kaelo Limited are the pioneers behind the Kaelo, a unique new way to serve and enjoy perfectly chilled wine in the home, and the hospitality and marine markets.
With humble beginnings, Kaelo is an inspiring story of British innovation and manufacturing that grew from a simple idea and is now specified in homes and yachts across the world after just a few years.
Using a patented dry-cooling system, Kaelo keeps wine (or other beverages) chilled within 1-2 degrees of its opening temperature once the bottle is open, and without any drips, mess, or fuss.
With increasing demand in the UK and overseas, Kaelo is now ready to invest into its next level of growth and move towards becoming a staple product in many modern interiors world-wide.
Kaelo is available in the UK via specialist kitchen and interior designers or direct from www.Kaelo.co.uk. Kaelo is also distributed in Continental Europe, the United States and South Africa.
Kevin Jabou, Founder & Chairman of Kaezen Limited commented: “It’s a little surreal what Kaelo has achieved considering it all started in a shed! Now with FSE’s support we’re able to open a new exciting chapter to expand the business and create job opportunities, streamline our manufacturing process and develop our product portfolio. I would like to sincerely thank Jerry, our FSE Fund Manager for his support in helping our small company reach that next level.”
Jerry Donohue, Senior Fund Manager for The FSE Group, who manage the £55 million GLIF debt fund on behalf of Funding London, comments: “It was a pleasure to work with Kevin, Alistair, Chris and all of their team. It is rewarding to be able to help and support successful local businesses helping them to expand via job creation and product development. This will help them to accelerate the growth of their business. GLIF helps to support companies with the potential to impact on the economy, promoting job creation, manufacturing expertise and economic growth in Hackney Borough. We look forward to providing more support for other similar companies.”
Maggie Rodriguez-Piza, CEO at Funding London, adds: “Kaelo is an excellent example of London’s strengths in design and innovation. We are delighted to support the impressive Kaelo team in their ambitious growth plans for 2020 and beyond. It is an exciting new chapter for the team and we are thrilled to be part of their journey.”
GLIF is a £100m initiative to help address the SME finance gap in Greater London, promoting economic growth through enterprise and an inclusive and sustainable economy. £55m of debt funding is available, via loans between £100,000 and £1m, to early-stage and established SMEs looking to scale-up and realise their growth ambitions. GLIF is financed through the European Investment Bank (EIB), European Regional Development Fund (ERDF), London Waste & recycling Board (LWARB) and Funding London’s Legacies.