BrewDog raises target in latest crowdfunding scheme


brewdog newcastleBrewery and bar operator BrewDog has increased the limit for the amount of money it is raising through its latest crowdfunding scheme to support expansion of the business.

After originally setting out to raise £4million in six months, the company is now looking to raise a further £250,000 from selling more shares – the maximum value of equity allowed to be sold through a scheme like this.

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

With the latest round due to be completed in January, the company has released another 2,600 shares at £95 each. The current round of Equity for Punks has raised £3.7million so far.

The extra funds raised will further boost the expansion of BrewDog’s bar division both in the UK and abroad, as well as fund a new series of bottle shops across the UK designed to cater for a growing demand for craft beer.

James Watt, co-founder of BrewDog, said: “It has been an epic response to Equity for Punks this year, and we now have over 12,000 shareholders all over the world.

“It’s this phenomenal response that has made it clear we are going to sell the full £4million allocation of shares well before our January deadline, so we are pushing the limit even further.

“Through Equity for Punks we have shown that far from a buzzword or a fad, crowdfunding 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.”

After BrewDog launched its latest crowdfunding initiative in June, it sold £1million of shares in the first 24 hours. They are available to anyone to buy online at www.brewdog.com/equityforpunks.

Investors will be consulted on new products and new bar locations and perform an active role in building on the business’s growth.

With every share, investors will also be given a lifetime five per cent discount in BrewDog bars and up to a 20 per cent discount on BrewDog’s online shop depending on how much they invest.

Investors are also invited to the BrewDog AGM, which this year saw thousands of existing Equity for Punks investors enjoy a day of beer tastings and live music.

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