Shanghai and Hong Kong, China, August 22, 2017 – Welkin, a China-focused mid-market growth equity investment firm, today announced that it has completed a significant investment in Great Leap Brewing (“Great Leap”), a pioneer in China’s craft beer industry. Welkin co-led this first institutional investment round in Great Leap with Cathay Capital.
Founded in 2010, Great Leap is one of the pioneers of China’s local craft beer movement. The company’s brewpubs have deep roots in the Beijing community and the brand is well-recognized for producing innovative and high-quality beer with local ingredients and flavors.
“Great Leap Brewing has delighted consumers in Beijing and across China with its highly rated products and brewpubs,” said Christopher Fong, Managing Director at Welkin. “Welkin is excited to partner with Great Leap as it embarks on the next stage of growth to bring its authentic, local beer to more Chinese consumers and give channel partners a beer premiumization solution.”
With this round of funding, Great Leap Brewing will invest in building out its production facility, product innovation, and distribution capabilities.
Welkin focuses on investing in homegrown brands and new consumption patterns as one of its core investment themes. Over the past decade, Welkin has partnered with numerous consumer products companies in China across a range of product categories, including Guitaitai Camellia Oil, and East Asia Sports.
Welkin is a China-focused mid-market growth equity investment firm with a distinguished family heritage and strong entrepreneurial roots. Founded in 2009, Welkin invests in niche-leading, growth stage companies in China on behalf of global institutional investors and the firm’s employees. Welkin deploys its local resources, industry knowledge, and operating expertise, to drive impactful value creation and help companies achieve their full growth potential. For more information, please visit www.welkincapital.com
About Great Leap
Great Leap is a leading craft beer brand in China with award-winning and innovative beer products that integrate local ingredients and flavors. Founded in 2010, Great Leap operates four brewpubs in Beijing and is building its own production facility to meet rapidly growing demand. To learn more, please visit www.greatleapbrewing.com.