The Stevens & Bolton corporate team has advised El Rayo on the successful completion of a funding round, raising £1.3m to support the company’s continuing growth strategy.
Founded in May 2019 by Jack Vereker and Tom Bishop, El Rayo produces high-quality authentically Mexican tequila which is designed to be mixed with tonic and enjoyed as a “T&T” – making tequila your first drink of the night and not your last. El Rayo’s attractive product and strong leadership saw the company land its first listing with Sainsbury’s in April 2023 which has placed their striking bottles in 400 UK stores and which adds to El Rayo’s nationwide offering on top of wholesaler partners in the north of England and Scotland.
The funding round was led by Rianta Capital, the family office of New Look founder Tom Singh, and other investors included Anotherway Ventures and Logan Plant, the founder of Beavertown Brewery.
The Stevens & Bolton team was led by Partner Oscar Horwich with support from Rebecca Minear and Millie Wakefield.
Oscar Horwich