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Beer

Chur! Behemoth hits $1.8m capital raise target

Brent Melville
Mon, 07 Dec 2020

Brent Melville
Mon, 07 Dec 2020
Auckland’s Behemoth Brewing tapped into investors’ thirst for craft beer ventures, taking just 20 minutes to raise $1.8 million through online crowd funder Snowball Effect.The capital raising, which sold a 5.04 percent equity at a share price of $1.32, values the business at $34 million. That is $10.8 million more than at last year’s capital raising when the brewery booked $2.06 million from new wholesale and individual investors at a valuation of $23.2 million.Those funds were used to pay for the fit-out of Churly’s, it...

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