Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises $40M Series B
There’s an arms race in retail to produce better coffee, and one startup, Bellwether Coffee, thinks it has the solution for retailers to sell the very best beans.
The business, headquartered in Berkeley, is today announcing a $40 million Series B financing led by DBL Partners and SolarCity co-founders Peter and Lyndon Rive. The round brings its total funding to $56 million, including a $10 million Series A last summer.
The hardware and software business manufactures tech-enabled zero-emission commercial coffee roasters designed to sit in cafes, grocery stores, on college campuses and any other place people buy coffee. Purchase of a roaster, which are sold for $75,000 or leased for $1,000 per month, comes with access to an online marketplace for coffee beans. The goal is to give coffee shops the power to roast their own beans, forgoing the middle men that have historically sold wholesale pre-roasted beans at a premium to cafes around the world.
“We want to create this connected coffee experience from the farm in Ethiopia all the way to the roaster at the cafe and the customer,” Bellwether chief executive officer Nathan Gilliland tells TechCrunch.
With roughly 140 customers, Bellwether plans to expand manufacturing capabilities