UK-based crowdfunding brewery BrewDog is set to close its Equity For Punks V funding round on Crowdcube with more than £24.7 million. The funding round, which launched in August, originally had already attracted more than £20.6 million prior to launching on Crowdcube and was seeking £22 million, which was quickly secured. The funding round has already attracted more than 1,500 investors.
As previously reported, BrewDog was established in 2007 by James Watt and Martin Dickie. The brewery has more than 30 bars in the UK as well as 16 international bars, and its brewery in Columbus, Ohio, which opened in 2017. The Equity for Punks initiatives, which altogether raised more than £60 million through the previous rounds. The brewery reported 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 £20.9m 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.”
Funds from the latest round will reportedly be used to open more bars around the world, including Angel, Milton Keynes, Reading, Seven Dials and BrewDog’s first BrewPub Tower Hill in the UK, and a bunch outside the UK as far as Norrköping, Sweden, and Itaewon, South Korea, enabling the brewing company to get “more awesome” craft beer into the hands of more people around the globe.
Meanwhile, BrewDog USA recently launched new crowdfunding round on Crowdfunder, seeking a minimum of $10 million. BrewDog USA Inc. has reportedly so far employed more than 200 people at its 42-acre site outside Columbus, Ohio with a 100,000 sq. ft., state-of-the-art brewery, the world’s first crowd-funded craft beer hotel (The DogHouse) and an 8,000 square foot restaurant, DogTap. BrewDog USA previously raised funds $7 million from more than 8,000 Equity Punk investors through last Regulation A+ round.
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