• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

Craft Brewing Business Craft Brewing Business
  • News
  • Business & Marketing
  • Packaging & Distribution
  • Equipment & Systems
  • Ingredients & Supplies
  • Webinars & White Papers
  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

Magnolia Brewing raised $150,000 from investors in 24 hours on Bolstr

January 14, 2015Chris Crowell

investors, funding craft beer
Bolstr is a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors.

 

Magnolia Brewing Co., the Haight-Ashbury, San Francisco, Calif., craft brewery and brewpub founded in 1997, recently expanded to a second restaurant and large new production brewery in the Dogpatch. The brewery’s rapid growth and expansion required $150,000 in growth funding to ensure they met their 2015 goals.

Magnolia chose to raise funding on Bolstr, a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors. Magnolia needed the ability to raise capital quickly in order to expand production, improve packaging equipment and implement design work for a new line of packaged beers, which are scheduled to roll out in 2015.

“We couldn’t make enough beer to meet demand at the original brewery but now, with more capacity, we are finally able to expand our distribution footprint and grow beer sales,” says Dave McLean, founder of Magnolia Brewing. “Working with Bolstr was the easiest way to quickly fund the capital expenditures required to keep up with our pace of growth.”

Magnolia has always closely paired food with beer, and their newest restaurant, Smokestack, was named one of 2014’s Top 100 Restaurant Openings in San Francisco by Thrillist.

“People are choosing to have an experience with your product, with your beer, with your food. I think it’s important to honor that, and the capital raised on Bolstr will be instrumental in providing the type of experience our customers expect from Magnolia and that we strive to design,” McLean said.

Brewing up investor interest

Magnolia raised $150,000 from Bolstr’s network of accredited investors in less than 24 hours. Bolstr is an attractive opportunity for investors and it shows; every business on Bolstr has successfully raised funding in less than five days, with some achieving their goal from investors overnight.

Developing businesses have received over $700,000 in growth capital on Bolstr, and the company expects that number to extend over one million in early 2015. Investors on Bolstr have been paid back over $200,000 in 2014 alone, and nearly every business on Bolstr is projected to pay back their loans ahead of schedule. Thus far, three businesses have already repaid their loans plus a return in their entirety.

Based in Chicago, Bolstr was founded in 2011 by former investment bankers Charlie Tribbett and Larry Baker. Bolstr is a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors. Every raise on Bolstr uses an innovative revenue share investment structure, where businesses can access $25,000-$250,000 to invest in growth, retain 100 percent of their equity and make flexible monthly payouts to investors, since they are sized proportionally to their revenue. Investors then receive revenue-based payouts until they make a multiple back on their investment.

craft beer crowd funding
Full Circle Brewing nearly at $800,000 goal using hybrid crowdfunding program
Brew Dog USA logo cbb crop
BrewDog USA looks to crowdfund $50 million, opening Equity for Punks to Americans
True Respite investors
Who is in? True Respite Brewing seeks investors for Maryland brewery
Braxton Brewing kickstarter
Brewery breaks Kickstarter funding record, topping $71,500

Reader Interactions

Comments

  1. bolstr says

    January 16, 2015 at 4:00 pm

    Magnolia Brewing raised $150,000 from investors on Bolstr http://t.co/fcVHgrB03a

    Log in to Reply
  2. Nicole Riegel Smith says

    January 15, 2015 at 3:22 am

    Nicole Riegel Smith liked this on Facebook.

    Log in to Reply
  3. Douglas Ford Nipper says

    January 14, 2015 at 7:22 pm

    Douglas Ford Nipper liked this on Facebook.

    Log in to Reply
  4. BeerAttorney says

    January 14, 2015 at 11:27 am

    RT @CraftBrewingBiz: Magnolia Brewing raised $150,000 from investors in 24 hours on @Bolstr. http://t.co/l8Z2Bgs1AJ Congrats @magnoliapub

    Log in to Reply
  5. Jared Read says

    January 14, 2015 at 10:22 am

    Jared Read liked this on Facebook.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • Cheers to 10 Years: We should all strive to be Arizona Wilderness Brewing Co.
  • Watch famed gonzo illustrator Ralph Steadman discuss his Flying Dog beer labels
  • The all-new Papago Brewing taproom opens Friday
  • Michigan’s Dog Star Hops wins Chinook Cup for second year in a row

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • Arizona Wilderness BrewingCheers to 10 Years: We should all strive to be Arizona Wilderness Brewing Co.
    February 2, 2023
  • Watch famed gonzo illustrator Ralph Steadman discuss his Flying Dog beer labels
    February 2, 2023
  • Michigan’s Dog Star Hops wins Chinook Cup for second year in a row
    February 1, 2023
  • fort point both-ciders-3Fort Point Beer debuts cider line, explains why ciders instead of seltzers
    January 31, 2023
  • Watch a drone release insects over hop yards for sustainable pest control in this Yakima Chief Hops video series
    January 30, 2023
  • Distro update: Connecticut’s Two Roads Brewing goes to Colorado + news from Surreal, New Sarum and more
    January 30, 2023

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2023 · CBB Media LLC