Brewdog, the Scottish independent brewer, is seeking to raise £25m in funding through its own online platform.
The target for the firm's latest fundraising round, using its Equity for Punks crowdfunding tool, smashes the £4.25m it had raised back in 2013.
Some 526,316 shares in the brewery have been made available to anyone who wants to invest, with shares priced at £47, and a minimum investment of £95 for two shares. The price equates to a £280m valuation.
Shareholders are given a discount in any of BrewDog’s craft beer bars and its website, as well as an invite to its annual general meeting.
Brewdog wants to use the income from the sale to open new UK bars.
Yesterday’s announcement comes shortly after Brewdog revealed its sixth consecutive year of record growth. Annual turnover was up 64 per cent in 2014, at over £29.6m, and turnover for 2015 is expected to grow once again to over £50m.
“To grow BrewDog whilst being true to our values, we have had to build a whole new generation of business model.” said Brewdog co-founder James Watt.
“Equity for Punks puts the people who really care about our beer in control and keeps the passion and integrity in people’s beer glasses,” he added.