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Coffee retailer Roasting Plant Coffee has announced the completion of its £7.9 million ($10m) funding round.
According to the company, 40 per cent of the financing came from existing stakeholders, while the remaining 60 per cent of the funds was secured from family offices.
“We are thrilled to have secured this significant investment which will help us take Roasting Plant Coffee to the next level in the United States and United Kingdom (UK). Our mission is to provide the freshest coffee possible, roasted and brewed to order by the cup, and this funding will allow us to share our Just-Roasted passion with more coffee lovers,” says Roasting Plant Coffee CEO Jamie Robertson.
The new funds will play a pivotal part in the brand’s growth and innovation plans, which include a value engineering project on its in-store roasting and brewing system, Javabot Coffee.
In addition to this, it will also open a number of new stores across the United States (US) and United Kingdom (UK), including Washington DC, New York, Chicago, and London.
Founded in the Lower East Side of New York, Roasting Plant Coffee currently has15 roastery-cafés located in the US and UK. The company develops and manufactures Javabot at its RP Labs facility in the US, and supplies its coffee across retail, wholesale, and online platforms. In its mission to be recognised on a global level, it continues to search for countries to source high-grade specialty coffee beans to provide a wide range of choice for its customers.
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