Beer drinkers now have more choices than standard brands like Bud, Miller or Coors. Small craft beers are a growing niche market creating opportunities for small craft brewers. These are small businesses creating a unique product for a very specific customer.
Enter CrowdBrewed.com. The crowdfunding site allows fans and supporters of the industry to contribute money to brewery projects similar to a process already used by sites like Kickstarter.com.
The new site currently has just three campaigns under way with a total of $122,585 in funding pledged for craft brewing businesses so far.
Of that money, $107,535 has been pledged to J. Wakefield Brewing to open J. Wakefield’s first brewery, in Miami.
In a video on the site, Jonathan Wakefield, brewmaster and founder explains his company’s history:
CrowdBrewed.com is owned and managed by Evisor Inc. Securities, part of the North Capital Private Securities Corporation a private investment brokerage firm.
On its official website the company explains:
In addition to just breweries, CrowdBrewed supports the entire ecosystem of beer. CrowdBrewed welcomes any subset to the industry such as hops farms, craft beer gardens, craft beer festivals, bottling plants and even pubs that support craft beer.
Other campaigns already launched on the site include:
- Pigskin Brewing Company of Columbus, OH, with $15,020.00 pledged as of the end of its campaign September 19, and
- Orbit Brewing Co. of San Diego, which just launched its campaign in October and hopes to use funding for investment in the company’s tap room.
The site charges a flat 5 percent success fee from each successful campaign and no funds are deducted from donors for campaigns that do not reach their goals.
Campaigns are permitted to offer a product or other reward in return for different levels of contribution.
Beer Photo via Shutterstock