Category Archives: Coffee

Starbucks’ Chinese nemesis surges 20% in public debut

Shares of Luckin Coffee jumped 20% in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market’s close. The company has a market cap north of $5 billion after its first day of trading. The brick-and-mortar coffee chain has achieved major success in China by offering speedy delivery services to Chinese consumers. The company has nearly 2,400 stores compared […]

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Bottomless has a solution for lazy coffee addicts

If you’re like me, you let out a heavy sigh every month or so when you reach out and unexpectedly find an empty bag of coffee. Bottomless, one of the 200-plus startups in Y Combinator’s latest batch, has a solution for us caffeine addicts. For a $36 annual membership fee, a cost which co-founder Michael Mayer says isn’t set in stone, plus $11.29 per order depending on the blend, Bottomless will automatically restock your coffee supply before you run out. How? The startup sends its members an […]

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Enveritas’ technology lets small growers tap into the market for sustainable coffee

Demand for sustainable coffee is growing, a boon for socially conscious coffee lovers — but many small growers are missing out because they lack the ability to verify that their coffee beans are grown using sustainable labor and eco-friendly practices. In fact, verification is often accessible only to large coffee estates or cooperatives. Enveritas wants to change that. The nonprofit, which recently completed Y Combinator’s accelerator program, uses geospatial analysis to make the process more efficient, enabling it to offer free verification to smallholder farms. Enveritas’ goal […]

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Bellwether Coffee raises $10M to bring more transparency to the coffee industry

Caffeine-infused meal replacement products may be all the rage among techies, but a good ol’ cup of joe is still the choice morning beverage for most of us. To capitalize on America’s insatiable coffee habit, Bellwether Coffee has raised a $10 million Series A and begun selling its zero-emissions commercial roaster and online coffee bean marketplace to cafés and grocers. The funding follows a $6 million seed round in 2016. Congruent Ventures led the round for the Berkeley, Calif.-based startup, with participation from FusionX Ventures, Tandem Capital, New […]

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