BrewDog Launches Equity for Punks Tomorrow with Ambitious Green Projects

Strategic Insights -

BrewDog has announced its latest Equity for Punks funding round, Equity for Punks Tomorrow, which aims to raise an initial target of £7.5m, with a stretch goal of £50m, to support cutting-edge green projects across its global operations. The initiative follows BrewDog's announcement that it is now carbon negative and is committed to reducing emissions from its brewing operations to zero within the next 24 months. The funds raised will support a wide range of projects, including direct wind power, carbon dioxide recovery, electric vehicle fleets, and converting waste into energy.

Key Takeaways:

  • The Equity for Punks Tomorrow round aims to raise an initial target of £7.5m, with a stretch goal of £50m, by releasing just under 300,000 B shares.
  • Funds raised above the initial target will support projects such as a £10m investment into solar panels at BrewDog's breweries, a £12.5m brewery to be built in France, and a similar facility in Asia to service growth markets in China, Japan, and India.
  • The funding round will run for 150 days, closing in January of next year, and will support BrewDog's most ambitious series of projects yet, including the construction of three zero-waste and carbon-neutral BrewDog Tomorrow bars and a hop farm at its Columbus brewery in the US.
  • Since the launch of Equity for Punks in 2009, the initiative has raised more than £75m from 148,000 investors, allowing BrewDog to fund its international expansion plan, 1,600-strong global team, and 102 bars around the world.
  • BrewDog co-founder James Watt commented, "Equity for Punks Tomorrow is the next evolution of this, uniting investors across the globe to make a change today to ensure we have a planet to brew beer on tomorrow."

Statistics:

  • The Equity for Punks Tomorrow round aims to raise an initial target of £7.5m, with a stretch goal of £50m.
  • The funds raised will support a wide range of projects, including:

+ £10m investment into solar panels at BrewDog's breweries

+ £12.5m brewery to be built in France

+ £12.5m facility in Asia to service growth markets in China, Japan, and India

+ Construction of three zero-waste and carbon-neutral BrewDog Tomorrow bars

+ Creation of a hop farm at BrewDog's Columbus brewery in the US

  • Since the launch of Equity for Punks in 2009, the initiative has raised more than £75m from 148,000 investors.
  • BrewDog has a global team of 1,600 people and operates 102 bars around the world.

Sources:

  • https://www.scotsman.com/business/brewdog-co-founder-james-watt-headlining-startup-summit-2965428
  • BrewDog's website, Equity for Punks Tomorrow