The Green Coffee Company has launched a $100 million Series C funding round as it looks to expand its coffee production. The company is targeting $25m in equity financing and $75m in debt funding.
Founded in 2017, The Green Coffee Company is a Columbian coffee producer with 27 farms travelling across 6,652 acres and around 7.7 million coffee trees.
The coffee farm group said that the funds raised will be used “to drive forward a new way of doing business that transforms the manner in which coffee is produced, processed, and monetised in Colombia”. The capital is also expected to further expand the business’ Colombian operations.
Founder of the Green Coffee Company, Cole Shephard, said: “This funding round will push us further towards our goal of becoming the world’s largest arabica-coffee producer. Through the buildout of our roasting facility and the monetisation of coffee byproducts, we will be able to fully vertically-integrate additional lines of business from roasted coffee to business-to-consumer alcohol products.”
He continued: “We already have the most sophisticated coffee processing facilities in Colombia, and, we believe, globally. We intend on continuing to be leaders of innovation in the coffee industry in Colombia and throughout the world.”
© FoodBev Media Ltd 2022
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