The Green Coffee Company Funds $13.2 million Series B Round to bring total equity invested to $25 million
PR94195
The Green Coffee Company Funds $13.2 million Series B Round to bring total equity invested to $25 million; On Path to Becoming Colombia's #1 Largest Coffee Producer
MEDELLIN, Colombia, Jan. 24, 2022 /PRNewswire=KYODO JBN/ --
The Green Coffee Company (GCC), a Legacy Group portfolio company, is pleased to
report that it has fully funded its Series B funding round, which the company
recently upsized by $3.5 million due to high demand to $13.2 million (USD).
There are currently over 220 individual investors in the business with its
accredited investor base rapidly accelerating.
Logo - https://mma.prnewswire.com/media/1730901/Green_Coffee_Company_Logo.jpg
Photo -
https://mma.prnewswire.com/media/1730902/Green_Coffee_Company_Farms.jpg
As the Green Coffee Company looks towards the future, the focus will be on
solidifying its position as the #1 largest coffee producer in all of Colombia.
The path to a successful exit for the company has become more clear as it has
navigated through this capital raise. The GCC used this investment to (1)
double its farms to 4,700 acres - becoming the #2 largest coffee producer in
Colombia - and (2) to become the most technologically-advanced coffee producer
in Colombia and, we believe, globally.
The $3.5 million upsize to the original $9.6 million Series B was funded in
just three weeks by the company's accredited investor base. Over the past six
months, the company has welcomed dozens of investors and supporters of the
business to its farms in Salgar, Colombia in order to see its progress
first-hand. The GCC has inaugurated the first of two new world-class coffee
processing facilities, with the second expected to come online in Q1 2022
(watch here) (
).
The Green Coffee Company is a consolidated coffee farming operation
headquartered in the U.S. with operations based in Medellin, Colombia. The
company's innovative business model allows for complete control of the supply
chain: from cultivation, through processing, to direct trade with end-clients.
GCC's holistic approach to the coffee sector and commitment to best
environmental practices not only establishes the long-term profitability and
sustainability of the business, but also improves the quality of the coffee
produced on the farms.
For more information, please contact the company's asset manager, Legacy Group,
at investor.relations@legacy-group.co, or visit their website at
Follow Legacy Group on Linkedin for communications related to the Green Coffee
Company and other alternative investment opportunities: at
https://www.linkedin.com/company/legacygroup/.
SOURCE Legacy Group
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。