Just days before its equity crowdfunding round was set to close on Crowdcube, UK-based BrewDog announced it was expanding the campaign for an additional 18 days. The news comes after the initiative secured its initial 22 million funding target.
As previously reported, BrewDog has over 30 bars in the UK as well as 16 international bars, and its brewery in Columbus, Ohio, which opened in 2017, and a couple breweries in Australia. The Equity for Punks initiatives altogether have so far raised more than £60 million. BrewDog shared that it is owned by over 80,000 people, who invested in the funding rounds in order to “change the world of craft beer, forever.”
“Equity for Punks V is BrewDog plc’s latest crowdfunding raise, which launched back in October 2017 and has so far raised over £20.9 million from 41,000 investors. We have now opened up this record-breaking raise with Crowdcube to give more people the chance to own a piece of our brewery. The minimum investment is £95 for 4 shares to be purchased in increments of 4 shares.”
Speaking about the Crowdcube extension, the BrewDog crew stated:
“We’ve been live with Equity for Punks V on Crowdcube for 27 days, and we’ve been completely blown away by the support we’ve gathered, raising over £580,000 from more than 1,100 investors! As Equity for Punks V is open for investment until 15th October on our platform, we’ve decided to offer the Crowdcube community the same chance to get involved! We’re extending our raise on Crowdcube for another 15 days, giving as many people as possible the opportunity to own a part of our brewery.”
The team then added that the funds from the funding round would be used for growth ambitions, from opening a third brewery in Australia, to opening more bars around the globe, and powering the global craft beer market. The campaign is now set to close mid-October.
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