Pact Coffee, a London-based coffee company, has launched an equity crowdfunding campaign on Crowdcube to raise £1 million as it begins to expand to other markets.
The brand, which was founded by Stephen Rapoport in 2012, has reportedly been backed by some of European’s leading venture capitalists and has been recognized as an innovative fast-growing company. It was noted:
“We stop people running out of coffee they love by sourcing great-tasting coffees, and selling regular deliveries of great-tasting fresh-roasted beans via a frictionless online experience. Our Head of Coffee, Will, travels the world to find the world’s best coffees, trading directly with growers. We then roast the beans at our HQ in Bermondsey, before packing and delivering straight through people’s letterboxes the very next day. Each Pact delivery is ground at the last possible moment and shipped within 7 days of roasting, because that’s when they’re freshest and taste the best.
“But we do more than deliver freshly roasted bean and ground coffee, and NespressoⓇ-compatible pods. The Pact service also includes an intuitive website and app, making it even easier for coffee lovers across the UK to enjoy top-quality coffee at home.”
Rapoport, who previously founded Crashpadder and sold it to Airbnb, revealed why he decided to create Pact Coffee:
I sold Crashpadder.com to Airbnb back in 2012 and started Pact on the advice of my wife, Emma. ‘Stop trying to think like a VC and do the thing you love.'”
Funds from the initiative will go towards internationalization to two new European markets, digital product development, and marketing. The campaign is set to close mid-March.
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