We’ve been reporting on BrewDog brewery ever since the Scottish brewery startup launched a hybrid equity/rewards crowdfunding effort in June of this year. That effort, entitled “Equity for Punks,” netted BrewDog over £1 million in capital in 24 hours.
If you’re a clever canine and are doing your Christmas shopping early, how about buying someone shares in a brewery? http://t.co/Pcxt5F5EAU
— BrewDog (@brewdog) October 23, 2013
Although this is all taking place across the pond from us here in the United States, one recent development surrounding this case provides an example of the hopes for the JOBS Act and equity crowdfunding stateside.
BrewDog is growing like crazy, they’re expanding their Ellon brewery with a £5 million investment, and they’re hiring.
BrewDog is hiring 50 people, to be exact. This revelation was shared in a recent article on the BBC’s website.
Starting out, the artisanal brewery did small batches and filled the bottles by hand. They sold their product with passion at local markets and – quite literally out of the back of an old van. During all their struggle to survive and grow, the two founders maintained a commitment to creating great craft beer with the mission to make other people as passionate about their cherished product as the two founders were.BrewDog Brewery To Offer Shares Direct to The Public in Crowdfunded Offering, Crowdfund Insider, June 22 2013
They’re hiring management, too, including a head of sales. They’re also expanding rapidly, including a new location in Stockholm, Sweden – the first international bar for the budding brand. They’re averaging 167% Y/Y growth for the last five years.
Moreover, the company keeps going back to the crowd for funds.
They’re currently in the midst of a third wave of crowdfunding in which they’re seeking just short of £4 million in funding for 3.6% of the company, representing a valuation of around £110 million. The prospectus below contains more information about their raise. NOTE: This prospectus may not be up to date. Please visit http://www.brewdog.com/equityforpunks for the most up-to-date information.
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