BrewDog reaches £3m crowdfunding landmark3rd September, 2013 by Andy Young
Scotland’s largest independent brewery, BrewDog, has managed to raise £3 million through crowdfunding, in just two months.
The brewery is aiming to raise £4m through its “Equity for punks” scheme, making 42,000 £05 shares available to those who want to invest in the company. The share offer equity in BrewDog, and the co-founders of the brewery, James Watt and Martin Dickie, plan to use the funds to further expand its new brewery, its growing bar division and a new series of bottle shops across the UK.
Watt said: “Raising £3million 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.”
With every share, investors are given a lifetime 5 per cent discount in BrewDog Bars and up to a 20 per cent discount on BrewDog’s online shop depending on how much they invest.