BrewDog’s latest crowdfund drives sets new records but remains £11.5m short of April target
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Scottish brewer, bar operator and crowdfunding pioneer BrewDog has revealed that it is still £11.5m short of reaching a record £25m fundraising target set for April through its latest self-styled “Equity for Punks” drive.
The Aberdeenshire-based firm said on its website that the £13.5m raised so far through the fourth round of its crowdfunding programme is still a record but marks just over halfway in its ambitious scheme.
The drive, which was launched in April last year, is due to close on 20 April.
The brewer wants to invest cash raised from the scheme to expand its business.
Plans include expanding its brewery in Ellon and opening new bars. It already operates 30 bars in the UK, as well as about a dozen abroad.
BrewDog said that more than 20,300 people had invested in Equity for Punks IV to date, with an average investment of £525.55.
Shares cost £47.50 each, with a minimum investment of two shares.
The total so far includes more than £2.4m which was raised late last year from a four-year mini-bond launched through the Crowdcube platform.
It offered investors a fixed 6.5 per cent annual rate of return on a £500 investment.
BrewDog shareholders are entitled to discounts in its bars and online shop.
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