Legacy Group-owned Colombian coffee company, The Green Coffee Company (GCC), has raised $9.6 million in a Series B funding round.
The company now has over 180 individual investors, and the business has decided to upsize the Series B funding round by an additional $3.5 million to accelerate its expansion plans.
The Green Coffee Company has also announced that it has agreed to purchase 2,340 additional acres of coffee land adjacent to its existing farms.
GCC’s business model allows complete control of the supply chain – from cultivation, through processing, to direct trade with end clients.
The company facilitates relationships between farmers and roasters in order to bridge the gap between producers and consumers.
GCC has decided to extend the Series B round due to investor demand. The company is giving all investors the chance to invest at the $700 per share price that was offered in the round.
© FoodBev Media Ltd 2021
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