Five Points Investment Campaign Ends on High
The Five Points Group has successfully concluded its latest crowdfunding campaign, surpassing its initial target. The funds raised will be allocated towards increasing brewing capacity and expanding into new pub ventures.
The company had set a fundraising goal of £350,000, offering 2.25% equity in return. However, the campaign exceeded expectations, attracting £461,051 in investment from 736 backers.
With the additional capital secured, Five Points Brewing is poised to leverage its flagship Pembury Tavern as a blueprint for future pub acquisitions. Plans are already underway to establish a new London venue, slated to be operational by the summer months.
"Despite facing challenges posed by the Covid-19 pandemic and the cost of living and utilities crises, Five Points Brewing has demonstrated resilience and achieved significant growth in 2023," remarked Five Points co-founder and chief executive, Ed Mason.
Mason continued, expressing pride in the brand's evolution over the past 11 years and acknowledging the instrumental role played by investors and the dedicated team across the brewery, taproom, and The Pembury Tavern.
"We are excited about the opportunities that lie ahead for Five Points Brewing. With the support of our investors and community, and an emphasis on quality and accessible beers, we are confident in our ability to continue our growth and further establish ourselves as a leading player in the craft beer industry."
The success of the crowdfunding campaign reinforces the growing confidence in Five Points Brewing's vision and underscores its position as a prominent player in the craft beer landscape.