The keg company rents out 280,000 kegs to 600 beer groups in Australasia and is stepping up expansion in the UK and Ireland.
It has raised $13 million from investors to help drive expansion in the UK and Ireland, and aims to raise a further $10 million.Australia has too many brewers and more beer makers will hit the wall financially, predicts the boss of Konvoy Kegs, which rents kegs to 600 brewers in Australia and Asia and just raised $13 million to fund expansion into the United Kingdom and Ireland.
Konvoy, established in 2019, has a fleet of 280,000 kegs rented out to 600 breweries in Australia and New Zealand. It is preparing to step up operations in the UK and Ireland. Konvoy aims to raise a further $10 million in capital in the UK markets.Konvoy’s core business is renting out kegs to brewers and producers of alcoholic seltzers, but it also has a second arm built around small tracking devices attached to kegs which can monitor the temperature of the liquid inside.
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