BrewDog raises £5m in three weeks

Claire Dodd

Claire Dodd

19 December 2016

Scottish brewer BrewDog has raised around £5.2m three weeks into its latest funding campaign, and with 28 more days to go.

The mini bond scheme, hosted on investment platform Crowdcube, was launched to help the company realise its plans for ongoing global expansion, add a sour beer facility to its Aberdeenshire brewery, and help launch its LoneWolf distillery. Prototype versions of the first two batches of LoneWolf gins and vodkas were released by the spirits division this month, and are available from its online shop.

The brewer says it is also on track to increase UK sales by 80% by end of year, with a projected turnover of £72m.

James Watt, co-founder of BrewDog said: 'Our mission is to make other people as passionate about great craft beer as we are. This year, we have smashed record after record with the amount of people we're reaching with incredible beer, many of whom have joined the ranks of our crowdfunded beer revolution by investing in Equity for Punks or the Crowdcube Bond.

'The money raised via this latest investment opportunity will accelerate our growth over 2017, in order to meet the crazy demand for our beer both in the UK, internationally, and in America where we'll soon launch our second brewery.'

The bond – which starts at a £500 minimum investment, for 7.5% annual interest over four years – generated more than £1m in its first 24 hours. Over four rounds of crowdfunding, BrewDog has attracted investments from over 50,000 shareholders, totalling £26m.

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