Brewdog Brewery Raises Crowdfunding Target To Keep Up With Demand

Love the Beer Own the Company BrewDogThe Scottish beer craftsmen at Brewdog Brewery are currently in the midst of a £4 million equity crowdfunding campaign, offering 3.6% equity in exchange for funding from the crowd. The brewery recently announced that they have raised £3.7 million of that and the campaign is on it’s way to being oversubscribed.

In response, BrewDog is extending their target to £4.25 million and will effectively target the maximum raise allowed at this moment. (€5 million)

This isn’t their first time crowdfunding for equity. The brewery rather famously raised £1 million in 24 hours during their first raise.

In the midst of all this investor interest, BrewDog is expanding rapidly, including a new location in Stockholm, Sweden – the first international bar for the budding brand. They’ve averaged 167% Y/Y growth for the last five years.

RELATED | BrewDog A Case Study In Hopes For JOBS Act, Crowdfunding

The team plans to use funds in part to hire 50 staffers at all levels of the business.

[h/t Business7]

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