DC Brau Brewing raised $614,335 from 12 investors during a recent equity raise, according to a December 19th U.S. Securities and Exchange Commission filing, first reported on by the Washington Business Journal.
The raise was part of a $650,000 offering by the Washington, D.C.-based craft brewery. According to the filing, the company is still offering $35,665 in equity. It’s unclear how the new funding will be used.
In 2017, DC Brau increased its production capacity to 45,000 barrels, however, the company’s volume has remained roughly flat since 2015, hovering around 15,000 barrels. Co-founder and CEO Brandon Skall told the Business Journal in March that the company would produce around 18,000 barrels in 2019.
Earlier this year, DC Brau launched a line of hard seltzers called Full Transparency in an effort to capitalize on the popularity of FMBs such as White Claw and Truly.