The funding will enable the US coffee group to further scale its operations in Medellin, Colombia, and progress its transition to roasted coffee sales in North America
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Green Coffee Company operates 10,000 acres of coffee farmland in Medellin, Colombia | Photo credit: David Restrepo
The Green Coffee Company (GCC) has closed a $15m investment round to fund its continued expansion in Colombia and to launch new roasted coffee initiatives in North America.
Founded in 2017, GCC currently operates 10,000 acres of farmland and more than 13 million coffee trees in Medellin, Colombia. The coffee farm group said the new investment will be key as it doubles its coffee processing capacity and seeks to transition from green coffee sales to roasted coffee – a move highlighted by its retail coffee deal with Colombian coffee group Juan Valdez.
Signed in May 2024, the joint venture agreement gives GCC third-party rights to sell Juan Valdez-branded coffee in supermarkets across the US and Canada.
GCC has also signed roasting and co-packing agreements with US beverage group Westrock Coffee and Colombian food and beverage exporter Nutrigrüp.
The coffee farm group has forecast it will achieve record revenue and profits in 2024 and expects to become the world's largest producer of arabica coffee by 2025.
GCC has raised more than $90m from 500 investors to-date, including a $25m Series C funding round in June 2023.