Brewdog raises £19m in latest crowdfunding bid

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BrewDog has closed the fourth round of its crowdfunding raising £19m, which although a substantial sum is £6m shy of its original goal. There are now 42,000 investors in BrewDog, which the brewer calls ‘Equity Punks’. The money raised through Equity for Punks IV will be funding the building of a bigger brewery in Ellon, which will increase capacity fivefold, as well as launching BrewDog’s US brewery in Columbus, Ohio. The company will also be focusing on building a sour beer facility in Aberdeenshire, launching BrewDog’s distillery, Lone Wolf, (bespoke spirits will go into production in the next couple of weeks), and other projects such as developing the BrewDog canned beer range and growing the international bar division with new venues pencilled for Amsterdam, Malmö and Warsaw. The company has also indicated that it will always be independent, by officially changing its constitution by passing a motion to ensure that BrewDog can ‘never be sold to a monolithic purveyor of industrial beer’. BrewDog now has 43 bars and BottleDogs globally, employs 540 people.

http://www.brewdog.com

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