Coffee-Tech Company Cometeer Raises $35 Million As 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.

.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cash-Rich Tech Companies Are Remaking Post-Pandemic ManhattanHigh-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street’s historic role as New York’s dominant industry. I appreciate this man I share the good news to the world I made it out for the very first time. Trading Bitcoin with him was a good process with a good profit earning Contact chris_diazzin and start trading. I’m engaged in this, because this is how was how I saw post about Mr Roger and decided to give it a try too and luckily it has been well with good results, so I highly recommend rogerkver__1
Source: Forbes - 🏆 394. / 53 Read more »

Cash-Rich Tech Companies Are Remaking Post-Pandemic ManhattanHigh-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street’s historic role as New York’s dominant industry.
Source: Forbes - 🏆 394. / 53 Read more »