Less than 18 months after raising $2 million in crowdfunding, Auckland-based Behemoth brewery is looking for additional capital as it aims to expand its empire.
Despite bullish projections during its equity crowd funding campaign, Endeavour Beverages has reported a larger loss in its first report following the process.
This week on the podcast we look at how equity crowdfunding campaigns are doing one year on as well as the weeks beer news.
It’s been over a year since a raft of breweries made their debut with equity crowdfunding, including Dainton Brewery and Black Hops. We got in touch with the brewers to find out how the last 12 months have played out.
Devil’s Elbow has cancelled a proposed equity crowdfunding campaign “for a variety of reasons” including finding alternative private investors.
One-year-old Dubbo brewery Devil’s Elbow is aiming for 1 million litres with an investment through equity crowdfunding on the Birchal platform.
Melbourne’s Hawkers Beer launched a $1.1 million equity crowdfunding campaign today to fund a taproom development and increased capacity.
Queensland’s 4 Brothers Brewing has closed its debut equity crowdfunding round without reaching the minimum investment targets, highlighting the difficulties with crowd-sourced funding campaigns.
Victoria brewhouse Holgate is looking to expand capacity to 2.5 million litres a year by investing in packaging and production equipment following a round of equity crowdfunding.
Liquor licensing regimes in Western Australia and South Australia are hindering companies thinking about equity crowdfunding in those states, according to industry players including law firm partner Jessica Patterson.