Breaking its previous crowd-funding record, the company is three-quarters of the way to reaching its £4million target in less than a third of the time it allocated to the programme.
BrewDog made 42,000 shares available to anyone to buy online at £95 each, ignoring traditional methods of funding to support its continued rapid growth.
Founders James Watt and Martin Dickie (pictured) plan to use the funds to further expand the new brewery and its bar division and open a new series of bottle shops across the UK.
The company raised £1million on the first day of the offer as beer fans scrambled to buy equity in the business. It was expecting a further rush for shares after announcing today that it was close to reaching its target.
The Equity for Punks scheme, accredited by the Financial Services Authority, allows anyone to buy shares in the craft brewery online. As well as owning part of the BrewDog business, Equity for Punks shareholders are given a lifetime discount at BrewDog’s craft beer bars and at BrewDog.com.
BrewDog has achieved an average annual growth of 167 per cent over the past five years and the company is valued at over three times the value it was given during the last Equity for Punks scheme in 2011.
BrewDog now employs 187 staff, exports to 38 international markets and is on track to turn over £20million in 2013. It has opened 12 bars since 2010 – largely funded by previous Equity for Punks investment – including its first international location in Stockholm, Sweden.
Equity for Punks members will also be invited to attend the company’s annual AGM which this year included punk rock bands and beer tastings.
James said: “Raising £3million in just two months demonstrates the epic support behind the craft beer revolution. We are now well past our previous record of raising £2.2million in 2011 and fast approaching our £4million target, with over 10,000 individual investors now owning shares in BrewDog.
“Equity for Punks is rewriting the rules of business finance and it’s putting our customers right at the heart of our operation.”
“The phenomenal success of Equity for Punks has proven how much our fans believe in our mission to redefine the UK beer scene. We want this expanding community of beer punks to share in our growth and come along for the ride.”
Shares are available to buy at www.brewdog.com/equityforpunks.