BrewDog fundraising tops £1m in a day

By Mark Wingett

- Last updated on GMT

Related tags Finance Fundraising United kingdom

BrewDog has made 42,000 shares available to anyone at £95 each
BrewDog has made 42,000 shares available to anyone at £95 each
More than £1m has already been invested into the latest Equity for Punks fundraising programme launched by BrewDog, the fast-growing Scottish brewer and pub operator, last week.

The group is looking to raise a record £4m through selling shares to beer fans.

It plans to use the new investment to fund an expansion of its brewery, its bar division and the opening of new series of bottle shops across the UK.

The company has made 42,000 shares available to anyone, at £95 each. It previously raised £2.2m through Equity for Punks in 2011.

The group, which is on track to turnover £20m in 2013, has opened 12 bars since 2010 – largely funded by Equity for Punks investment – including its first international location in Stockholm, Sweden, and opened its new £7.5m brewery earlier this year in Ellon, Aberdeenshire.

It has already said it is targeting Sheffield, Liverpool, Brighton, Cardiff, Cambridge, Oxford and south and west London for UK openings this year. In terms of the capital, co-founder James Watt has mentioned Hammersmith, Shepherd’s Bush and Brixton as areas he’d like to operate in.

Related topics MA Leaders Club

Related news

Show more