BrewDog launches new fundraising round, eyes further expansion
Craft beer chain BrewDog is launching a new funding round as it looks to secure £7 million to finance new venues.
It is BrewDog’s sixth crowdfunding round, which the firm has dubbed ‘Equity For Punks’. The scheme was initially launched in 2010, and has so far netted the company around £67 million.
In this round every investor will be entered into a prize draw to win £1 million worth of shares. Individual shares are priced at £25 each, and can be bought either on the BrewDog website or in any of the brewer’s bars.
The company says the money raised will be used to finance a ‘craft beer hotel’ dubbed DogHouse London, breweries in China and Germany, and new venues elsewhere in Europe.
BrewDog is continuing its aggressive expansion of its venue portfolio. It has also recently entered the distilling business with the launch of BrewDog Spirits. In 2018 it was named in the Sunday Times Fast Track 100 for the seventh consecutive years.
Commenting on the launch of the funding round, BrewDog founder James Watt said: “We are proud to be supported by nearly 100,000 Equity Punks who love craft beer as much as we do. They are our community, our shareholders, and our friends, and the driving force behind our business.
“The growth BrewDog has shown over the last decade could only have been achieved with the encouragement and support of our kick-ass Equity Punk community.”