Coffee-tech company Cometeer raised $35 million as the craft java industry heats up
The $35 million Series B funding round will allow Cometeer to finish building its 70,000-square-foot headquarters in Gloucester, Massachusetts.Coffee-tech startup Cometeer has raised a $35 million Series B round, the company announced Tuesday. The investment is the largest made in the specialty coffee sector and brings the total raised by the six-year old company to $100 million. The company declined to provide its revenue or valuation.
Cometeer produces frozen brewed coffee “pucks” sourced from well-known specialty roasters throughout the U.S. Single-servings of coffee are filled in capsules, which are then cryogenically frozen using liquid nitrogen and sent by mail to consumers, who can melt the pods in water. The formula was developed and patented by the startup, and its base shipment features four roasts and a total of 32 capsules at a starting price of $64 for a monthly subscription.
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