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UK coffee retailer Roasting Plant Coffee has completed a £7.9 million ($10 million) oversubscribed funding round.
The investment will drive the company's growth and innovation, including enhancements to its Javabot Coffee System and the opening of new stores in the US and UK.
The funding comprised 40% from existing shareholders and 60% from family offices. This capital will be used to refine the Javabot system, which roasts and brews coffee on-site, and to expand Roasting Plant’s retail footprint in Washington DC, New York, Chicago and London over the next 18 months.
Roasting Plant Coffee operates 15 roastery cafes across the US and UK. The company's proprietary Javabot system is developed and manufactured at its RP Labs facility in the US.
According to the company, the Javabot coffee system is distinctive for its in-store micro-batch roasting.
Roasting Plant Coffee's CEO, Jamie Robertson, said: "We are thrilled to have secured this significant investment which will help us take Roasting Plant Coffee to the next level in the US and UK. Our mission is to provide the freshest coffee possible, roasted and brewed to order by the cup, and this funding will allow us to share our Just-Roasted passion with more coffee lovers.”
#RoastingPlantCoffee #UK #US
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