INDEPENDENT Scottish brewer BrewDog is celebrating exceeding its latest crowdfunding target by £13 million.

Launched in October last year, this fifth round of Equity for Punks saw the brewer set out to raise £10m.

As a result of receiving an influx of requests for additional investment time, the raise was extended to October 15 this year with shares costing £23.75 each and issued in blocks of two, with a minimum investment of two shares for £47.50.

BrewDog co-founder James Watt said: “It’s insane to see over 90,000 people buy a piece of our business. This continued support and demand for Equity for Punks is not only humbling, but demonstrates the passion people share for our mission and belief in awesome beer.

"The success we’ve seen over the past decade has only been made possible by our incredibly passionate, engaged, evangelical community of Equity Punks. They are the beating heart of everything we do.”