BrewDog launches GBP25m crowd-funding attempt
BrewDog hopes to raise GBP25m from the crowd-funding exercise
Independent craft beer business Brewdog is aiming to break its own crowd-funding record by raising GBP25m (US$37.3m) to fund the expansion of its brewery and bar division.
The company will make 526,316 shares available for a minimum investment of GBP95 for two shares. Should the latest instalment of BrewDog’s 'Equity for Punks' scheme be successful, it will raise more than five times the previous crowdfunding record sum of GBP4.25m, set by BrewDog in 2013.
The capital raised will be used to fund the construction of a new, 300-hectolitre brewhouse alongside its existing 100hl facility in Aberdeenshire. Funds will also be used to expand the company’s international bar division, along with new projects including a craft beer hotel, a custom sour beer facility and a distillation plant.
BrewDog claims to be the UK’s fastest-growing food and drinks brand, opening 27 bars worldwide since 2010 and exporting to 55 countries.
Company sales in the 12 months of 2014 was up 64% to GBP29.6m and is expected to exceed GBP50m this year.
Sectors: Beer & cider
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