BrewDog smashes £10m crowdfunding target

By Nikkie Sutton

- Last updated on GMT

Over achievers: BrewDog has raised £13m more than its original target for the fifth round of Equity for Punks
Over achievers: BrewDog has raised £13m more than its original target for the fifth round of Equity for Punks
Scottish brewer and operator BrewDog has raised £13m more than its crowdfunding target as its latest drive draws to a close on 15 October.

Having raised more than £23m so far with more than 45,000 investors, this crowdfunding round is BrewDog’s most successful to date.

With almost two weeks before the campaign closes, this fifth crowdfunding drive has received more investors than the sum total of the previous four Equity for Punks rounds combined.

Target smashed

Launched in October 2017, this round saw the Scottish brewer aim to raise £10m, a target it reached in fewer than 90 days.

As a result of receiving requests for additional investment time, the raise was extended until 15 October 2018, with shares costing £23.75 each and issued in blocks of two, with a minimum investment of two shares for £47.50.

BrewDog said funds raised from this round of Equity for Punks will be reinvested into expanding production at its HQ brewery in Ellon, Aberdeenshire, opening a sour beer facility, accelerating global bar openings and beginning construction of its Brisbane brewery.

Last month (September), BrewDog opened its doors to the DogHouse hotel in Columbia, Ohio, US, and launched the BrewDog video network, which saw more than 5,000 people subscribe in its first week.

Continued support

BrewDog co-founder James Watt said: “It is insane to see more than 90,000 people buy a piece of our business. The continued support and demand for Equity for Punks is not only humbling, but demonstrates the passion people share for our mission and belief in awesome beer.

“The success we have seen over the past decade has only been made possible by our incredibly passionate, engaged, evangelical community of Equity Punks.

“They are the beating heart of everything we do and together we are changing the world of beer for the better.”

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