Thirsty investors gave breweries the biggest equity fundraises of 2022

When it comes to equity crowdfunding, a new report shows that the food and beverage sector eclipsed every other industry in 2022. It turns out that us Aussies will happily put our money where our mouth is, especially to help fund breweries

Birchal’s CSF Yearbook for 2022 has revealed that Australian startups in the food and beverage space landed over $28 million in equity fundraising last year, which was spread out across 33 deals and 14,911 total investors.

For perspective, the second-largest sector was financial services, which raised $8.7 million across 10 deals with 2588 investors.

All three of these top campaigns were from breweries that raised over $2 million apiece: Your Mates Brewing, Black Hops and Drink West.