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BrewDog reaches GBP3m crowdfunding landmark

Scotland’s largest independent brewery BrewDog has officially broken its own crowdfunding record, raising GBP3m in two months through selling shares to beer fans with its “Equity for Punks” scheme.

 
The record-breaking start to the campaign takes the brewery three quarters of the way to reaching its GBP4m target in less than a third of the time it allocated to the programme.
 
The company – Britain’s fastest growing food and drinks brand – made 42,000 shares available to anyone to buy online at GBP95 each, ignoring traditional methods of funding to support its growth. Unlike many crowdfunding programmes that simply look to raise donations in return for fringe benefits, BrewDog is offering equity in its business.
 
The cofounders of the brewery plan to use the funds raised to further expand its new brewery, its burgeoning bar division and a new series of bottle shops across the UK.
 
BrewDog co-founder James Watt says: “Raising GBP3m in just two months demonstrates the epic support behind the craft beer revolution. We are now well past our previous record of raising GBP2.2m in 2011, and fast approaching our GBP4m 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.”

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