BrewDog has exceeded its Equity for Punks crowdfunding target by £13 million, as its latest drive draws to a close.
Having raised over £23 million so far, this is BrewDog’s most successful crowdfunding round to date and currently stands as the world’s most successful equity crowdfunding raise; a record BrewDog has held since raising £19 million during its previous European raise.
By tapping into the platform’s community of seasoned investors, BrewDog has now surpassed its original £10m target by more than £13 million, with investment from over 45,000 investors.
With a further 13 days to go before the close of the round, this fifth crowdfunding drive has received more investors than the sum total of the previous four Equity for Punks crowdfunding rounds combined.
Launched in October last year, this fifth round of Equity for Punks saw the Aberdeenshire brewer set out to raise £10 million, a target it reached in under 90 days.
As a result of receiving an influx of requests for additional investment time, the raise was extended to the 15th October 2018 with shares costing £23.75 each and issued in blocks of two, with a minimum investment of two shares for £47.50.
Last week the brewer was named in BrandZ’s Top 75 Most Valuable Brands 2018 list as not only the UK’s most valuable alcohol brand, but also the only beer brand to appear on the list. BrewDog now employs more than 1,500 people worldwide with 58 craft beer bars across the globe.
BrewDog co-founder James Watt said “It’s insane to see over 90,000 people buy a piece of our business. This continued support and demand for Equity for Punks is not only humbling, but demonstrates the passion people share for our mission and belief in awesome beer.
“The success we’ve seen over the past decade has only been made possible by our incredibly passionate, engaged, evangelical community of Equity Punks. They are the beating heart of everything we do and together we are changing the world of beer for the better.”