The Cumulus Coffee Company has received $20.3 million in funding and is introducing the “world’s first solution for making premium cold brew at home in a matter of seconds”.
The seed funding round was led by Valor Siren Ventures (VSV) and Valor Equity Partners (VEP) with participation from various investors.
Cumulus’ cold brew machine uses recyclable aluminium capsules to deliver a 10-ounce cold brew, a nitro cold brew and a “first-of-its-kind” cold-pressed espresso in under 45 seconds. The company claims that the technology in the cold brew machine will make cold beverages without any ice, and the nitro cold brew will not require a large nitrogen gas tank.
Mesh Gelman, founder and CEO of The Cumulus Coffee Company, said: “Our team of experts across coffee, technology and design has worked tirelessly to bring the sacred ritual of enjoying delicious, hand-crafted cold coffee into the home in a way that has never been done before. The cold coffee market is enormous, with 75% of American café drinkers now preferring cold over hot beverages.”
Jon Shulkin, co-president of VEP and fund manager for VSV, commented: “The nitro cold brew coffee market is one of the fastest growing in the coffee space. We believe that the Cumulus team, through many years of research, has created an exciting new product for nitro cold brew coffee drinkers. We are grateful to partner with Mesh and the Cumulus team as they achieve their vision of creating an at-home high-quality nitro cold brew coffee experience that is as easy as making hot coffee.”
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