Beerhouse raises ZAR1 million equity through crowdfunding
Summary
Beerhouse, famous for its “99 bottles of beer on the wall” is now raising capital, through crowdfunding platform Uprise.Africa, to renovate a new branch in Tygervalley, Cape Town. We did this through an authorised financial services provider, Uprise.Africa who run the pioneering equity crowdfunding platform that made all this possible,” said Randolf Jorberg, Beerhouse Founder. The Beerhouse management team are dedicated to creating a new space that is true to our brand where memories will be made for decades to come,” said Jorberg. If the Tygervalley Beerhouse campaign is successful, its investors will be able to trade shares following the recently announced partnership between Uprise.Africa and ZAR X – a fintech-based licensed stock exchange. The investor capital of R3 million will be utilised for the design, construction and furnishes as well as launch the Beerhouse Tygervalley branch.