BrewDog falls short of funding target

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Brewdog




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BrewDog has brocaded more £26m since unveiling its get-go crowdfunding rung in 2009



Cunning brewer and bar manipulator BrewDog has fallen swell short-change of a £25m prey it set for its up-to-the-minute backing circle.

The Aberdeenshire-based companionship proclaimed it had brocaded £19m in the fourthly circle of its Fairness for Punks crowdfunding strategy. BrewDog launched the rung a class ago in fiat to amplify its byplay. It has yet to say whether the deficit bequeath bear an gremlin on its outgrowth plans, which admit expanding its brewery in Ellon and scuttle new bars. The quaternary circle shut on Wednesday but BrewDog aforesaid it would stillness consent wallpaper applications until 29 April.



The Ellon-based party has elevated more £26m since introduction its outset crowdfunding beat in 2009.

On its site , BrewDog describes Fairness for Punks IV connive as "the biggest fairness crowdfunding safari always seen". Crowdfunding involves companies fosterage modest amounts of money from a pack of multitude, typically via the cyberspace. The slyness brewer is set to found a boost circle of crowdfunding , to aid store a major enlargement in the US. It plans to copy the winner of its Fairness for Punks schema in the UK by turn to US residents for patronage.

Cash embossed from the American schema, to be launched future month, leave in parting be victimized to out-of-doors a new US brewery in Ohio. BrewDog has estimated the initial costs of establishing the fundament and a web of BrewDog "brewpubs" nationwide at almost $25m (£17.3m).

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BrewDog




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BrewDog is construction a new 100,000 sq ft brewery in Columbus, Ohio