BeerBods sells out to ABV

Beerbods raised a total of £400k on Crowdcube in two rounds. Now Matt Lane has sold the business to Beer Hawk, recently acquired by ABV incubator ZX Ventures. 

This is exactly the sort of transaction that will make equity crowdfunding work; if it gives investors in BeerBods a return. Lane admits that the sale is forced - ie it's the only option if the company wants to make any immediate headway.

No figures have been disclosed although shareholders will know shortly. In the first round Beerbods was valued at around £400k and then a year later at £2.5m post money. So looks like the 101 first rounders will see a healthy uplift. Not so sure about the others. Accounts show a loss for the year to May18 of £80k.

Lets us know if you know.

Camden Town Brewery - a curiousity, files losses north of £5.6m compared to £700k in 2016.

Camden was Crowdcube's second (only) exits. Investors, who had put in £2.75m, received a small return just after investing, when the founders decided they required considerably larger backers. Step in AB Inbev.

Revenues grew by 50% from 2016. The loss seems to be a result of the 100% plus increase in admin charges and a good dip in the GPM.

Whatever happened to economies of scale?  Last Orders Please.