£3m in two months: BrewDog reaches crowdfunding landmark

By Luke Nicholls

- Last updated on GMT

Related tags: Finance

BrewDog co-founders Martin Dickie and James Watt have helped the company achieve an average annual growth of 167 per cent over the past five years
BrewDog co-founders Martin Dickie and James Watt have helped the company achieve an average annual growth of 167 per cent over the past five years
BrewDog has broken its own crowdfunding record, raising £3m in just two months by selling shares to members of the public through its ‘Equity for Punks’ scheme.

The firm, Scotland’s largest independent brewery, made 42,000 shares available for purchase online, priced at £95 each. The record-breaking start to the campaign takes the brewery three-quarters of the way to reaching its £4m target in less than a third of the time it allocated to the programme.  

“Raising £3million in just two months demonstrates the epic support behind the craft beer revolution,” said BrewDog’s co-founder James Watt. “Equity for Punks is rewriting the rules of business finance and it’s putting our customers right at the heart of our operation.”

Watt and fellow co-founder Martin Dickie plan to use the funds to further expand BrewDog’s new brewery along with its burgeoning bar division and a new series of bottle shops across the UK.

Related topics: Business, People, Pubs & Bars, Finance

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