Scottish brewer and pub operator, BrewDog has exceeded the £5m in its latest crowdfunding raise after three weeks, as it predicted turnover will be at least £72m for 2016.

As of this morning the group had raised just under £5.8m through its mini-bond on Crowdcube, from 1,700 investors. It has 27 days to go to reach its upper limit of £10m.

Co-founder James Watt said: “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.”