Brewdog claims crowdfunding record

24 December, 2013

Brewdog has closed its Equity for Punks share ownership scheme a monthly early after hitting its £4.25 million investment target.

The independent Scottish brewer – whose brands include Punk IPA, 5am Saint and Dead Pony Club – claimed it had set a crowdfunding record with the scheme, which offered a stake in the company to followers and fans of the brewery on social media.

It has now raised over £7 million through three rounds of Equity For Punks share issues to over £12,000 investors.

The company has been on a rapid expansion path including several craft beer bar openings and a new brewery. It has also plans to open a chain of speciality beer shops.

Co-founder James Watt said: “With three successful rounds of Equity for Punks completed, we have continuously displayed that crowdfunding has become a worthwhile and innovative means for business growth.

“We have ushered in a brave new world, and you can expect to see more businesses launching similar schemes in 2014.

“Crowdfunding is no longer just a fad or buzzword, it is a legitimate alternative financial system.”




Bookmark this


Site Search

COMMENT

Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter