London wine cooling specialist secures £350k loan to expand overseas

A London manufacturing company has announced that it has secured a £350k loan to facilitate its growth.

Kaelo, based in Shoreditch, has received the £350k growth loan, from the Greater London Investment Fund (GLIF), managed by The FSE Group.

The company is the producer of a patented wine cooling system, and has seen increasing demand in both the UK and overseas.

Kaelo, which is owned by Kaezen Limited, said that the funding will be used to invest in its expansion.

Kevin Jabou, founder and 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, said: “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.”