In recent years, independent breweries have increasingly turned to Regulation Crowdfunding (Reg CF) to raise capital directly from their communities. Under Reg CF, breweries can legally raise up to $5 million per year from everyday investors—not just accredited ones. This model has proven especially effective for breweries, which often enjoy a strong local following and a brand-driven customer base. As a result, Reg CF is not just a financial tool—it’s become an important part of how breweries grow, connect, and stay independent.
Equity crowdfunding has grown in popularity among breweries for several reasons. For one, it allows passionate customers to become shareholders, turning casual patrons into long-term brand advocates. This deepens loyalty and helps breweries build a grassroots network of supporters who have a vested interest in the brand’s success. Unlike traditional financing options like bank loans or venture capital, Reg CF gives breweries the ability to raise capital without compromising ownership or taking on burdensome debt.
For capital-intensive needs such as opening a new taproom, purchasing brewing equipment, or expanding distribution, equity crowdfunding provides access to growth funding on a flexible timeline. Many breweries also view their crowdfunding campaigns as a built-in marketing opportunity. These public campaigns generate buzz, attract media attention, and draw in new customers—all while raising money. Because breweries often emphasize community and local engagement, Reg CF is a natural fit, allowing them to align their financial model with their values by offering ownership to the very people who support them.
From 2018 to 2024, the use of equity crowdfunding under Reg CF by breweries—as well as related businesses like taprooms and brewpubs—has steadily expanded. In 2018, 19 campaigns raised just over $3.08 million. By 2021, that number had skyrocketed to a record $15.3 million raised across 92 offerings. Strong participation continued in 2022 and 2023, with $8.43 million (59 offerings) and $12.63 million (52 offerings) raised, respectively. While 2024 saw a pullback in funding in line with the overall Reg CF market, crowdfunding remains a great option for small breweries looking to get off the ground or expand.
