San Francisco-based coffee start-up Spinn has secured $20 million in a new funding round, as it aims to redefine the at-home coffee experience.
The round was led by Spark Capital, with participation from Amazon’s Alexa Fund, Bar 9 Ventures and existing investors.
Looking to tap into the growing market for at-home coffee machines, Spinn offers all-in-one brewing systems that make a variety of coffee types including espresso, americano, drip and cold brew.
Spinn’s machines use a centrifugal force to spin the coffee grounds rather than press them; and can be controlled via voice command from Amazon’s Alexa, from a mobile app or by a single tap on the machine.
“Spinn is doing for coffee what Dyson did for vacuums and what Nest did for homes, rethinking technology and connectivity for better results,” said Kevin Thau, general partner at Spark Capital.
The machines do not require filters or pods as part of Spinn’s goal to provide a more sustainable solution. The company has built a delivery network encompassing more than 500 artisan roasters globally.
With the funding, Spinn plans to scale production and accelerate growth, further develop its patented brewing technologies, as well as complete the delivery of outstanding pre-orders.
“Spark, the Alexa Fund and Bar 9 represent some of the most impressive track records in consumer products, connected devices and coffee industry investing. Their capital and expertise will be instrumental in our growth and ability to deliver a superior coffee experience to millions of people,” said Roderick de Rode, CEO of Spinn.
Paul Bernard, director of Amazon Alexa Fund, added: “We are impressed with Roderick and the team’s ability to advance the state of the art at-home coffee experience in a way that is also good for the planet. Spinn has a compelling vision for how its system can make use of voice and be part of the convenience of a truly smart home.”
© FoodBev Media Ltd 2021
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial