BrewDog raises £3m in share issue

By John Harrington

- Last updated on GMT

Related tags Co-founder james watt Stock market Finance Public house

BrewDog: it has raised £3m
BrewDog: it has raised £3m
BrewDog, the Scottish brewer and pub operator, has raised £3m of its fundraising £4m target under its latest crowdfunding scheme in about 10 weeks.

The company said it’s well ahead of its target of raising the £4m within one year under the Equity for Punks scheme, which has seen 42,000 shares made available for £95 each.

The money is to be used to expand BrewDog’s bar and brewery operations.

BrewDog co-founder James Watt said: “Raising £3m in just two months demonstrates the epic support behind the craft beer revolution.

"We are now well past our previous record of raising £2.2m in 2011, and fast approaching our £4m 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.”

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