The Green Coffee Company completes $9.6M Series B Funding, to become Colombia’s second largest coffee producer
The Green Coffee Company (GCC), a Legacy Group portfolio company, has closed its initial US$9.6 million Series B funding round and now has over 180 individual investors in the business.
GCC has also contracted to purchase 2340 additional acres of coffee land adjacent to its existing farms, which nearly doubles its existing landholdings. This acquisition positions GCC to become the second largest coffee producer in Colombia as it finishes planting additional coffee trees at its farms.
The Company has decided to upsize the Series B funding round by an additional US$3.5 million to accelerate its growth plans to become the largest producer of coffee in the country as a result of this incredible momentum and to complete the acquisition.
With this acquisition and the development of the acquired land, the Green Coffee Company says it can become the largest coffee producer in Colombia with 4700 acres of available farmland, prior to the projected 2025 sale or IPO without the need for any further acquisitions.
GCC says it has decided to extend the Series B funding round due to incredible investor demand and to complete the acquisition described above.
The company’s innovative business model allows complete control of the supply chain: from cultivation, through processing, to direct trade with end clients. The 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, visit legacy-group.co
Source: GCR Mag