Blue Bottle Coffee Inc., the Oakland, Calif., company known for getting its coffee to consumers within 48 hours of being roasted, has apparently taken in just under $20 million in equity financing, according to a recent SEC filing. Index Ventures’ Mike Volpi and True Ventures’ Tony Conrad are listed as directors at the company, according to the filing. Blue Bottle had already taken in some venture money previously, with an undisclosed investment from Kohlberg Ventures. Begun in Oakland in 2002 by James Freeman, Blue Bottle’s revenue has reportedly grown by upwards of 50% annually, to somewhere between $15 million and $20 million last year, Freeman told the Wall Street Journal in February. So far, the company has spread operations from Oakland to locations around New York – even a “little shed” on Rockaway Beach — and will likely use the infusion to expand further.
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Author : connieloizos
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Author : joanna
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Author : reuters-news
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Author : lbeltran
The National Venture Capital Association has elected Josh Green to serve as its 2013-2014 chairman of the board of directors.
Author : idorbian
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Aspen Aerogels, Inc. said it raised $22.5 million in a convertible note financing and has decided not to pursue an initial public offering. The company said it will withdraw its S-1 registration statement.The new […]
sister magazine Buyouts is reporting the two biggest NY State pensions are both expanding their private equity staffs
Yesterday, Tableau raised $254.2 […]
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