Posted on January 11, 2017 by staff

BrewDog smashes Crowdcube investment record


Craft beer giant BrewDog has become Crowdcube’s biggest success story after raising £10m in just three weeks.

More than 2,700 people invested on the crowdfunding site, allowing the firm expand internationally and invest in their Aberdeenshire brewery to keep up with European demand.

The company’s bond will pay 7.5 per cent interest a year.

Luke Lang, co-founder of Crowdcube commented: “2016 was another standout year for Crowdcube and the wider crowdfunding industry.

“Despite the economic uncertainty, we’ve continued our history of record-breaking and finished the year with our best quarter yet, with over £15m having been invested through the platform in December alone, investment is up 20 per cent in the six months post-Brexit.”

BrewDog will also invest in a brewing facility in Ohio, USA.

Crowdcube site was launched in 2011, and its latest crowdfunding campaign pushed its total investment figure to £210m.

Crowdcube itself is its own second-highest funding round, after raising £6.7m last year. In third is GoHenry, a digital banking solution aimed at making kids smarter at managing money than their parents.