BrewDog announces £70m turnover after crowdfunding success

By Sara Hussein

- Last updated on GMT

Successful: the crowdfunding has raised more than £1m in 24 hours
Successful: the crowdfunding has raised more than £1m in 24 hours

Related tags: Brewing

BrewDog has announced a turnover of £70m after setting up two successful crowdfunding initiatives on Crowdcube this year.

The company’s latest bond raised more than £1m in just 24 hours and has already reached £5.2m, with less than a month left until the bond offer is set to close. 

With a minimum investment of £500, the bond delivers 7.5% annual interest rate over four years and a range of top-tier discounts for beer lovers.

Records smashed

BrewDog co-founder James Watt said:“Our mission is to make other people as passionate about great craft beer as we are.

“This year, we have smashed record after record with the amount of people we’re reaching with incredible beer, many of whom have joined the ranks of our crowdfunded beer revolution by investing in Equity for Punks or the Crowdcube bond.

“The money raised in this latest investment opportunity will accelerate our growth during 2017, in order to meet the crazy demand for our beer both in the UK, internationally, and in America where we’ll soon launch our second brewery.” 

Profits rise

After raising £26m from more than 50,000 shareholder investors over four rounds of crowdfunding, the brewery has reached The Sunday Times​’ Fast Track 100for the fifth time.

The company has been consistently profitable every year since 2008, with an annual growth rate of 69% and a 112% annual operating profit.

The money will also contribute to a new sour beer facility in Aberdeenshire and BrewDog’s entry into the spirits industry with the launch of its Lone Wolf distillery.

The first batches of the company’s gins and vodkas were released this month and can be purchased via the BrewDog website.

BrewDog Beer School

This month, BrewDog offered discounted tutored craft beer tastings at the BrewDog Beer School by teaming up with online company Wowcher. 

Customers will be allowed to try five different BrewDog beers with some food matching.

Experts will also talk about the company’s history, brewing process and ingredients.

The voucher is valid from 2 January to 2 April 2017, from Monday to Thursday 6.30pm to 8pm, and Sunday between 4pm and 5.30pm, at 30 BrewDog bars across the country.

Related topics: Beer

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