Aberdeenshire-based craft beer firm BrewDog said its latest crowdfunding effort — a fourth round of  “Equity for Punks” aimed at raising £25 million — had closed with £19 million being reached.

BrewDog said the money raised in Equity for Punks IV will be reinvested back into the company and that there are now 42,000 BewDog “Equity Punks.”

In a statement, BrewDog said: “In October 2009, barely into our second year, we took the unprecedented step to become a plc and give the public the chance to buy shares in BrewDog.

“Equity for Punks put the people who enjoyed our beers in control rather than faceless moneymen, and immediately it became inherent to our way of working.

“Since then we have released more shares over three more rounds, and the most recent of which — Equity for Punks IV — closed yesterday.

“In so doing, it has become the biggest ever equity crowdfunding offer, raising £19 million.”