Brewdog claims crowdfunding record
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.”