Distill Ventures, the accelerator funded by alcohol producer Diageo, has made its first investment, injecting more than $15m into whisky producer Stauning.

Denmark-based whisky producer Stauning has received an investment of more than £10m ($15m) from Distill Ventures, the accelerator funded by alcoholic beverages company Diageo.

Founded in 2005, Stauning distils a range of whiskies in three main variations: traditional, peated and young rye. The company will use the money to increase production by expanding its distillery and will aim to grow global sales.

Diageo and Distill Ventures will assist Stauning with the scaling of its business. The deal is part of…