Canadian company Dispatch Coffee has raised CAD 1.26 million ($958k approx.) in a seed funding round to grow its coffee subscription service nationally.
Founded in 2012, Dispatch was reportedly Montreal’s first cold brew delivery service, subsequently expanding to open a number of cafés.
In 2019, the company launched its e-commerce and flexible/personalised subscription services, providing customers with the beans, tools, and know-how to brew ‘barista-level’ coffee at home.
The brand says that it responsibly sources its coffee, claiming that its vertically-integrated approach and direct-to-consumer focus enables it to deliver lower prices to consumers and a fairer return to farmers.
Participants in the brand’s latest financing round include Anges Quebec and 0MC, as well as private investors.
According to Dispatch, the capital raised will be used to expand the brand outside of Québec and grow its subscriber base across Canada.
Chrissy Durcak, founder and CEO of Dispatch, said: “Retail was already changing pre-pandemic. Now demand for e-commerce and home delivery is exponential.
“I think in challenging times like these, we’re looking for ways to stay connected, safe, and diversify the experience of being at home – I hope our service will add meaningful value to Canadians at this time, besides fantastic coffees at a fraction of the price – all our coffees are delivered with their sourcing stories and easy brewing recipes.
“We’re thrilled to have the support of this new group of investors and partners as we continue on our journey to bring better coffee to more Canadians.”
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