BrewDog is celebrating exceeding its Equity for Punks crowdfunding target by £13 million, as its latest drive draws to a close on October 15.
Having raised more than £23 million so far, this is BrewDog’s most successful crowdfunding round to date and currently stands as the world’s most successful equity crowdfunding raise —; a record the company has held since raising £19 million during its previous European raise, and which it has now surpassed.
Last month, BrewDog announced that Equity for Punks will be available to invest via Crowdcube, the UK’s leading equity crowdfunding platform. By tapping into the platform’s community of seasoned investors, BrewDog has now surpassed its original £10m target by more than £13m, with investment from over 45,000 investors.
With a further 13 days to go before the close of the round, this fifth crowdfunding drive has received more investors than the sum total of the previous four Equity for Punks crowdfunding rounds combined. Launched in October last year, the campaign saw the brewer set out to raise £10m, a target it reached in fewer than 90 days.
Equity for Punks
As a result of receiving an influx of requests for additional investment time, the raise was extended to the 15th October 2018 with shares costing £23.75 each and issued in blocks of two, with a minimum investment of two shares for £47.50.
Much of BrewDog’s global growth has been underpinned by Equity for Punks, supporting the brewery as it grew from two men and a dog to being named in the Sunday Times Fast Track 100 for the sixth consecutive year in 2017.
BrewDog co-founder, James Watt, said: “It’s insane to see over 90,000 people buy a piece of our business. This continued support and demand for Equity for Punks is not only humbling, but demonstrates the passion people share for our mission and belief in awesome beer.
“The success we’ve seen over the past decade has only been made possible by our incredibly passionate, engaged, evangelical community of Equity Punks. They are the beating heart of everything we do and together we are changing the world of beer for the better.”
