BrewDog closes in on £10m crowdfunding goal

BrewDog closes in on £10m crowdfunding goal

With less than a week to go until its 15 January deadline, Scottish craft brewer BrewDog has raised 89% of its £10m target in its Equity for Punks crowdfunding scheme. 

Beer fans across Europe have invested in BrewDog, which is valued at £1bn, with over 19,000 new investors buying shares in the brewery; growing its existing community of Equity Punks to over 65,000.

Having previously raised over £41m from past rounds of the initiative, in this latest round, BrewDog is looking to raise looking to raise a minimum of £10m, with a stretch goal of £50m to further its global expansion.

This includes the construction of new breweries in Australia and Asia, the opening of 15 craft beer bars in the UK, increasing the capacity in its UK brewery, and the creation of a dedicated craft beer TV network.

This latest round of Equity for Punks is looking to raise the money by releasing 421,052 new B shares. Equity for Punks closes on 15 January 2018.

Shares cost £23.75 each are issued in blocks of two, with a minimum investment of two shares for £47.50.