BrewDog, the Scottish brewer and pub operator, has reached the £4.25m target that the company set for its latest fundraising drive.
In November, BrewDog extended its target under the Equity for Punks scheme from £4m to £4.25m after an “epic” response to the initiative. The extended target of £4.25m represents the highest amount European companies can currently raise through crowdfunding schemes of this type.
The money will be used for expansion. BrewDog is targeting five bar openings in 2014, including overseas launches in Tokyo and Sao Paulo.
Speaking to M&C Report last month, BrewDog co-founder James Watt revealed that Southampton, Gothenburg in Sweden and Rome are among its expected locations for future openings.
