Only a couple of weeks after Hops & Grain launched a crowdfunded investment campaign, an upcoming East Austin brewpub called the Brewer’s Table is doing something similar: seeking additional funds through a website called NextSeed that allows anyone with the money to contribute. Both campaigns follow a new federal law that allows for this type of financial involvement from ordinary people.
The Brewer’s Table, founded by local entrepreneur Jake Maddux, has a majority of the funding in hand to open late this year. The money raised through NextSeed, according to a news release, will help finalize the interior of the brewery-restaurant and develop the large outdoor area.
It’s also got another key benefit: bringing in the community. A central component of the Brewer’s Table — named after the idea of a chef’s table, where restaurants often offer special experiences for friends, family and distinguished guests — is “community and the intersection of beer, food and hospitality,” according to the release.
“This will not be a brewery with food, nor a restaurant with beer, but an experience providing equal attention to both of these components,” the NextSeed campaign says in part. “This attention to detail and balance will be carried throughout the space and service, bringing an elevated experience to Austin’s beer scene.”
You can contribute as little as $100 to the NextSeed campaign, which aims to raise a minimum of $250,000 over the next 55 days. Once the Brewer’s Table is up and running, you’ll receive 1.5 times the amount of your original investment, as well as some fun perks based on the amount that you’ve given. Investing $500 or more, for example, gets you an invite for two to the Brewer’s table investor pre-opening party, commemorative glassware, a free hat with the Brewer’s Table logo and a $50 gift card. All investors get an invite to the pre-opening celebration.
Plus, one of the perks for higher level investments is a membership to the Cask & Coal Society, which provides additional benefits. The words “Cask & Coal” are a nod to the fundamental concept behind Maddux’s brewery-restaurant: “seasonal, locally sourced ingredients cooked over wood and paired with fresh oak-fermented ales and lagers,” according to the NextSeed campaign.
Maddux, well-known in the local beer scene, hails from Thirsty Planet Brewing, New Belgium Brewing and Anchor Brewing.
It’s been a big week for him and the Brewer’s Table. In addition to the launch of this campaign, the Brewer’s Table also announced the brewer who will help Maddux bring his vision to life. Drew Durish “has been a part of the incredible team at Live Oak Brewing where he has done an amazing job for the last several years,” according to the Brewer’s Table’s Facebook page.
The Brewer’s Table will be located at 4715 East Fifth St. For more information about the NextSeed campaign — including the terms of investing — visit nextseed.co/offerings/brewers-table/?sc=teambrewers.