Legacy Group portfolio company, ‘The Green Coffee Company’ (GCC), has raised the required funds for its Series B funding round, which was increased by USD $3.5m to 13.2 million, due to high demand. Each funding round is labelled to indicate which round to which it belongs. Therefore, the Series B round is the company’s second significant capital raise.
The GCC is a consolidated coffee farming operation based in Medellin, Colombia. It has an innovative business model that allows complete control of the supply chain: from cultivation through processing to direct trade with end clients.
GCC invited investors and supporters to visit its farms in Salgar Colombia, to see the project’s progress over the past six months. The company’s investor base funded the initial $9.6 million and the additional 3.5 million within just three weeks. Over 220 investors currently own shares of the company, creating a broad shareholder base which some startups prefer as it removes the reliance on a single or small group of investors.
By doubling its farms to 4,700 acres, the GCC has reached the #2 spot in coffee production in Colombia, and the goal is to become #1. Additionally, the company strives to become the world’s most technologically advanced producer of coffee, not just in Colombia but worldwide. The company recently launched its first of two world-class processing facilities, and the second will follow in Q1 2022. The Series B investment will be instrumental in achieving that goal.
