Goal Of $1.5 Million In Capital To Fund Build Out Of Brewery And Tap Room In Bushwick, Brooklyn
Brooklyn, New York – February 17, 2016 – Braven Brewing Company , the fast rising craft beer maker based in Brooklyn, NY, launched a first round of equity financing via online investing marketplace CircleUp on Thursday, February 11, 2016.
Braven’s offering utilizes the new Rule 506(c) fundraising option now available thanks to the 2012 Jumpstart Our Business Startups (“JOBS”) Act. Small businesses can now publicly advertise the fact that they are raising capital but can only accept investments from Accredited Investors.
In November 2013, Braven utilized crowdfunding site Kickstarter to launch the company. Braven CEO Marshall S. Thompson sees CircleUp as a logical next step in helping Braven grow, this time through the investing marketplace that CircleUp provides. “We are excited about the prospect of working with CircleUp to jumpstart this round of funding to continue our growth,” says Thompson. “It offers us access to capital from investors across the country that we would not otherwise have reached. We hope other small businesses can take advantage of these exciting new channels to raise money as well.”
CircleUp is an online marketplace for investing into emerging companies in the consumer product and retail industry that empowers entrepreneurs to efficiently raise capital, find resources, and thrive.
“As people increasingly turn to emerging brands for personal, authentic experiences in food and retail, the craft beer movement has taken off and will only continue to grow,” said Ben Lee, Director of Business Development at CircleUp. “We’re excited to work with Braven because they’re already seeing strong business growth and building a great brand. We think there’s a big opportunity for them, and their fundraising on CircleUp should fast track them to success.”
“The $1.5 million we plan to raise through CircleUp will be used to help us build the brewery we’ve been dreaming of since Marshall and I started homebrewing in my tiny New York City kitchen almost seven years ago,” says Braven President Eric Feldman. “When we open our tap room doors to the public, it will be an honor to share a pint with everyone who has helped us make this dream a reality.”
2015 was a landmark first year for Braven Brewing Company. Their first beer, White IPA, debuted in January 2015 to a packed house at Bushwick beer bar The Well. Braven launched two more styles – Bushwick Pilsner and Black Pale Ale – and more than doubled its first year production goals. Braven beers are now available at over 700 bars and restaurants and over 500 grocery stores and delis throughout NYC, Long Island, and Westchester.
“The growth of the craft brewing industry in New York State has been amazing,” says Paul Leone, Executive Director of the New York State Brewers Association. “When breweries grow, they often find a need for additional working capital to sustain that growth, so we’re very interested in what Braven is doing by being the first New York State craft brewery to take advantage of the new equity fundraising rules, and if successful, we hope other breweries can also use this new fundraising option to grow in the future.”
Accredited Investors are encouraged to visit the company’s offering website if they are interested in investing.
ABOUT BRAVEN BREWING COMPANY
Braven Brewing Company, founded in 2013 by Marshall S. Thompson and Eric Feldman, is located in the historic Bushwick neighborhood of Brooklyn. Braven takes pride in being an active member of the Bushwick community and is excited to help to restore Brooklyn as one of America’s top brewing capitals. bravenbrewing.com
Braven Brewing Company online: