BrewDog crowd-funding hits target ahead of deadline


James Watt Martin Dickie BrewDogBrewer and bar operator BrewDog has closed its latest crowd-funding scheme early after raising its target of £4.25million a month before the deadline.

It launched the Equity for Punks scheme in June, aiming to raise £4million by January 22, but increased the target by £250,000 in November because of demand.

The money will be used to fund expansion of its brewery, expand its bar division and open a new series of bottle shops across the UK.

James Watt, who founded BrewDog with Martin Dickie (pictured), said: “The response to Equity for Punks this year has been absolutely epic. We were off to a great start by raising a quarter of our target in the first 24 hours alone.

“Closing early only goes to show just how passionate and evangelic our fans are. We can’t wait to return the trust our investors and fans have shown in us with more awesome beers, bars and growth in 2014.”

Having shunned the banks for growth investment, BrewDog has so far raised over £7million through over 12,000 people buying shares in the business during three rounds of Equity for Punks.

Unlike many crowdfunding programmes that simply look to raise donations in return for fringe benefits or bonds, BrewDog offered genuine equity in its business, alongside a lifetime discount in its bars and its online shop.

James said: “With three successful rounds of Equity for Punks completed, we have continuously displayed that crowdfunding has become a worthwhile and innovative means for business growth.

“The mental shackles that have tied down British SMEs to the staid and unimaginative traditional methods of raising funds have been untethered. We have ushered in a brave new world, and you can expect to see more businesses launching similar schemes in 2014.

“Crowdfunding no longer just a fad or buzzword, it is a legitimate alternative financial system. We have broken all records, and silenced all doubters, and now we want to ensure all the fans that have supported us have a chance to buy a share of BrewDog.”

The brewer has achieved an average annual growth of 167 per cent over the past five years and the company is already valued at over three times the value it was given during the last Equity for Punks scheme in 2011.

The company now employs 200 staff and is expected to report turnover of £19million in 2013, with a strong growth forecast for 2014.
News brewdog funding

Brewer and bar operator BrewDog has closed its latest crowd-funding scheme early after raising its target of £4.25million a month before the deadline.

It launched the Equity for Punks scheme in June, aiming to raise £4million by January 22, but increased the target by £250,000 in November because of demand.

The money will be used to fund expansion of its brewery, expand its bar division and open a new series of bottle shops across the UK.

Co-founder James Watt said: “The response to Equity for Punks this year has been absolutely epic. We were off to a great start by raising a quarter of our target in the first 24 hours alone.

“Closing early only goes to show just how passionate and evangelic our fans are. We can’t wait to return the trust our investors and fans have shown in us with more awesome beers, bars and growth in 2014.”

Having shunned the banks for growth investment, BrewDog has so far raised over £7million through over 12,000 people buying shares in the business during three rounds of Equity for Punks.

Unlike many crowdfunding programmes that simply look to raise donations in return for fringe benefits or bonds, BrewDog offered genuine equity in its business, alongside a lifetime discount in its bars and its online shop.

James said: “With three successful rounds of Equity for Punks completed, we have continuously displayed that crowdfunding has become a worthwhile and innovative means for business growth.

“The mental shackles that have tied down British SMEs to the staid and unimaginative traditional methods of raising funds have been untethered. We have ushered in a brave new world, and you can expect to see more businesses launching similar schemes in 2014.

“Crowdfunding no longer just a fad or buzzword, it is a legitimate alternative financial system. We have broken all records, and silenced all doubters, and now we want to ensure all the fans that have supported us have a chance to buy a share of BrewDog.”

The brewer has achieved an average annual growth of 167 per cent over the past five years and the company is already valued at over three times the value it was given during the last Equity for Punks scheme in 2011.

The company now employs 200 staff and is expected to report turnover of £19million in 2013, with a strong growth forecast for 2014.


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