A north-east beer giant has brought in more than double its £10 million target in a new crowdfunding drive.
Ellon-based BrewDog has raked in £23m from supporters in the fifth Equity for Punks campaign, which grants donors shares in the business.
Co-founder James Watt said: “It’s insane to see over 90,000 people buy a piece of our business.
“This continued support and demand for Equity for Punks is not only humbling, but demonstrates the passion people share for our mission and belief in awesome beer.
“The success we’ve seen over the past decade has only been made possible by our incredibly passionate, engaged, evangelical community of Equity Punks.
“They are the beating heart of everything we do and together we are changing the world of beer for the better.”
In the past year, the drive has become the biggest crowdfunder that provides equity ever, beating the previous record, also held by BrewDog by £4m. The brewery used investor platform Crowdcube to ramp up its fundraising efforts through its “community of seasoned investors”.
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A total of 45,000 people chipped in during the latest round, which began in October of last year.
The initial target of £10m was surpassed in less than three months.
Prospective investors were required to put up a minimum of £47.50 for two shares in the company.
Cash raised from the drive has been earmarked for reinvestment back into the Ellon headquarters in the hope of increasing production.
The funds will also be used to build a brand new sour beer facility, as well as begin construction on an Australian brewery in Brisbane.
BrewDog has also opened a world-first beer hotel in the US and a new Netflix-style streaming service, BrewDog Network.