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New capital will fund further growth

BrewDog launches record-breaking £25m crowdfunding deal

Brewdog dreamScotland’s largest independent brewery, BrewDog, has unveiled plans to raise £25 million through a crowdfunding exercise.

The latest capital will come via its Equity for Punks scheme and is more than five times the previous record set by the brewery two years ago.

It will make 526,316 shares in the brewery available for anyone to buy for a minimum investment of £95 for two shares.

BrewDog raised £4.25m in less than six months through Equity for Punks in 2013, making it the world’s most successful independent crowdfunding programme to date.

The capital raised this time will be used to fund an expansion of the BrewDog brewery and its international bar division, as well as launching projects such as a craft beer hotel, custom sour beer facility and distillation plant.

The company has opened 27 bars worldwide since 2010, exporting to 55 countries and employing more than 360 staff.

It announced its sixth consecutive year of record growth earlier this month, having increased its annual turnover by 64% to more than £29.6m in 2014, against £18m in 2013.

Turnover is expected to exceed £50m this year.

BrewDog has also launched its Punk to Punk referral scheme offering those who invest the chance to earn extra rewards by encouraging their friends to invest. All new Equity Punks will receive a unique referral code to share with friends and family to give them rewards.

James Watt, BrewDog co-founder, said: “The craft beer revolution has succeeded in redefining beer and Equity for Punks is redefining business finance.

“Equity for Punks puts the people who really care about our beer in control and keeps the passion and integrity in people’s beer glasses.”

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