News brewed on 19// 12// 16
BEER BUCKS: BREWDOG BREAKS CROWDCUBE RECORD WITH £5M INVESTED IN ITS LATEST BOND,AND ANNOUNCES £70M ANNUAL TURNOVER
-Craft brewery, BrewDog, has raised more than £5million via its latest investment offering, a bondonCrowdcube.com; the most money raised via a Bond on Crowdcube to date.
-The Scottish company is on track to increase UK sales by 80% at the end of 2016, with a projected turnover of more than £72m
-BrewDog recently appeared in the Sunday Times Fast Track 100, and became the first company to appear in five consecutive years.
LONDON 19DECEMBER2016– BrewDog today revealed that its latest crowdfunding initative, a bond launched on leading investment platform Crowdcube, has generated an incredible £5.2million to date, with 28days remaining before the bond offer is due to close. The impressive milestone has been hitfewer than3weeks after the mini bond launched.
Thislatest influx of investment into the irreverent Scottish company, plus a record-breaking round of equity crowdfunding earlier in the year,keeps BrewDogfirmly on track to announcemore than £70m turnover by the end of 2016.
With a £500 minimum investment, the bond generated more than £1million in its first 24 hours, ensuring BrewDogdefended its title as the most successfully crowdfunded businesses in history. BrewDog’s bond delivers an impressive 7.5% annual interest rate over four years, as well as a range of top tier discounts for beer geeks.
With a track record of amassing £26million from more than50,000 shareholder investors over four rounds of crowdfunding, the Aberdeenshire-based brewery has also gone on to secure its fifth inclusion into the Sunday Times ‘Fast Track 100’, the first companyto appear so regularly.
James Watt, co-founder of BrewDog commented:
“Our mission is to make other people as passionate about great craft beer as we are. This year, we have smashed record after record with the amount of people we’re reaching with incredible beer, many of whom have joined the ranks of our crowdfunded beer revolution by investing in Equity for Punks or the Crowdcube Bond. The money raised via this latest investment opportunity will accelerate our growth over 2017, in order to meet the crazy demand for our beer both in the UK, internationally, and in America where we’ll soon launch our second brewery.”
Shaking the dust from the staid world of small business finance, the money raised from the Crowdcube bond will go towards the company’s ongoing global expansion, enabling the business to meet the increasing demand for craft beer throughout existing and new markets alike. Funds will also support a new sour beer facility in Aberdeenshire, expansion of the Ellon HQ, andBrewDog’s entry into the spirits industry with the launch of itsLoneWolf distillery. Prototype versions of the first two batches of LoneWolf gins and vodkas were released by the spirits division this month, and are available from brewdog.com/shop.
News of BrewDog’s inclusion in the Fast Track 100 arrives as the end of yet another phenomenal year for the craft beer evangelists.With an average annual growth rate of 69%, annual operating profit of 112%, and consistently profitableevery year since 2008, the brewery is only weeks away from the completion of a 100,000 square-foot Ohio based brewery in the United States.
BrewDog’s cofounders James Watt & Martin Dickie were also honoured with MBEs this year, awarded for their services to the brewing industry.
Capital atrisk. Interest payments are pre-tax and not guaranteed. Yourbondinvestment will not be covered by the Financial Services Compensation Scheme. Approved as a financial promotion by Crowdcube Capital Limited which is authorised and regulated by the Financial Conduct Authority (No. 650205).
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Investors should note that invested capital is at risk and that past performance is not necessarily a guide to future performance.
What is BrewDog?
Since 2007 BrewDog has been on a mission to make other people as passionate about great craft beer as we are. From the Headliner series, which includes bold, uncompromising pack leaders like the flagship Punk IPA, to the Amplified range (beer, but turned up to 11), BrewDog creates beer that blows people’s minds and has kick-started a revolution.
Cofounders James Watt and Martin Dickie shook up the business world in 2010 with the launch of pioneering crowdfunding scheme Equity for Punks, an initiative that has seen the company raise £26m over four rounds, taking more money through crowdfunding than any other on record. The funds, and the army of punk shareholders (50,000) enabled the Scottish craft brewery to scale up without selling out.
With over 48 global bar launches, export into 60 countries, and a brand new brewery in Ohio opening in 2017, BrewDog continues to take the craft beer revolution stratospheric, whilst continuing to push the boundaries, invest in people, put the beer first, and champion other small breweries in its venues.
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