Big Drop Brewing has secured £500,000 from private investors through a seed funding round.

The company produces 0.5% alcohol-by-volume (ABV) beer. It received the funding after registering a 775% increase in sales over the last 12 months.

Big Drop Brewing intends to use the funds to increase its production capacity and marketing capabilities.

The company also intends to move part of its production to mainland Europe in order to meet growing demand and address challenges posed by Brexit.

In addition, Big Drop Brewing is considering moving its brewing operations to Canada to minimise its carbon footprint and enter the North American market.

“The latest investment will unlock more resources, production efficiencies and sales potential both in the UK and globally.”

In 2016, Rob Fink and James Kindred established Big Drop Brewing after identifying a lack of choice in low and no-alcohol beer.

Fink said: “We aim to raise the standards for low and no-alcohol beers and our numbers reflect that customers love what we do. The latest investment will unlock more resources, production efficiencies and sales potential both in the UK and globally.

“There’s a huge potential audience out there for us and we’re only just beginning. Stout is now the fastest growing beer variety in the UK due to the craft beer boom, and our version is doing phenomenally well.”

In the UK, Big Drop Brewing products are available in Tesco, Ocado, Beerhawk and online retailers.

Big Drop Brewing is also sold in Albert Heijn in the Netherlands, Systembolaget in Sweden and Alko in Finland.