Brewdog clears crowdfunding target ahead of schedule

Brewdog has cleared the £10m target on its latest round of crowdfunding with three days still left to go.

(Photo: Brewdog)

More than 21,000 beer fans have invested in Brewdog’s fifth Equity for Punks campaign, which was launched last October to enable the drinks maker to continue its plans for global expansion.

We’ve smashed through £10m & reached our initial goal for Equity for Punks V! 🎉

We’ve been blown away by all the support & we’re now into funding for our stretch goal. There is still time to get involved!

Find out about investing: https://t.co/Pcxt5FnfZu.

Capital At Risk. pic.twitter.com/IGsJxpFwH0

— BrewDog (@BrewDog) January 12, 2018

The irreverent Aberdeenshire brewer-turned drinks giant launched its fifth round of crowdfunding back in October 2017, managing to raise £2m just days after opening the campaign to the public.

When Equity for Punks V officially closes on Monday, shares priced at just under £24 each will be issued in blocks of two, with minimum investments totalling £47.50, according to the brewer’s crowdfunding page.

Co-founder James Watt has said that the Australian and Asian craft beer markets were a key priority for the business, and has even suggested that Brewdog could float on the New York Stock Exchange within the next five years.

New facilities in Asia and Australia are just two major operations which will need funding in the next three years, alongside a dedicated sour-beer production facility in the UK.

Back in March, the brewer announced plans to open a 50-room craft beer hotel in Columbus, Ohio.

And in July, the Aberdeenshire-based brewery appointed former head of HR Zarah Prior to scout for potential brewery locations in Australia.