The investment will enable the coffee group to expand its Colombian farm footprint and advance its coffee roasting operations in the US
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GCC has more than 11.5 million coffee trees across its 39 farms | Photo credit: The Green Coffee Company
Colombian coffee farm group The Green Coffee Company (GCC) has completed a $25m Series C funding round, bring total investment to-date to $60m.
GCC, which expects to become the world's largest producer of arabica coffee by 2025, will use the funding to expand its Colombian farm footprint and accelerate its coffee roasting operations in the US, including opening a roasting facility to improve its value chain.
The group, which is headquartered in the US with operations based in Medellin, Colombia, has also announced a potential IPO bid in the US within three years.
GCC has forecast record revenues and profitability in 2023, following $10m sales in 2022.
“The Green Coffee Company is offering unprecedented access to investment in one of the world's most timeless and in-demand commodities: coffee. We’re the only operator at-scale giving accredited international investors this opportunity,” said Cole Shephard, Founder of GCC.
“The $25 million Series C equity raise is a testament to the credibility we have in the market. With our ever-expanding investor base, this raise brings our total equity funding to-date to over $60 million. In a market like Colombia, the impact we can have with this capital is market-defining and will be globally disruptive to how we drink coffee,” he added.
Founded in 2017, GCC has more than 11.5 million coffee trees across its 39 farms. The coffee farm group is part of US investment firm The Legacy Group.