Food tech company Atomo closes $40M Series A
SEATTLE, June 28, 2022 (GLOBE NEWSWIRE) — Atomo Coffee, Inc. announces the closing of a $40 million Series A investment from agtech leaders S2G Ventures, AgFunder and Horizons Ventures. The funding round allows for further investment in new bean-free coffee product development, manufacturing scale and the official consumer launch of their game-changing beverages, starting with two ready-to-drink cold brews. Available now, early products include Classic Black and Ultra Smooth, both brewed with plant-based ingredients and delivering the caffeine consumers expect. Atomo R&D will continue to innovate in the category by creating products to meet all coffee formats and tasting occasions.
“With Atomo in the hands of the consumer, we’re empowering them to drink the coffee they love while making the choice to do something better for the planet every day,” said Andy Kleitch, CEO and co-founder of Atomo. .
Founded in 2019 in the heart of Seattle, Atomo’s mission is to reverse engineer coffee, using recycled ingredients to deliver a consistently smooth coffee experience with reduced environmental impact. Having perfected their solution, they are now ready to offer consumers a premium tasting coffee experience with 93% less carbon emissions and 94% less water.
“Atomo’s cold brew products offer great environmental benefits and taste better than other products on the shelves,” adds Chuck Templeton. “Good taste and better for the planet is a win-win combination.”
In a recent blind taste study conducted by National Food Labs, Atomo Cold Brew ranked competing conventional cold brew products on 2:1 preference, with panelists unable to to recognize that Atomo was made without conventional coffee beans.
“We are amazed at how Atomo’s molecular platform is able to create a premium bean-free coffee experience for consumers, with every sip delivering confidence and satisfaction. Atomo brings taste and sustainability to coffee lovers everywhere,” said Wayne Cheng of Horizons Ventures.
Numerous reports over the past five years have highlighted the effects of climate change on coffee growing regions around the world. Drought, frost, as well as rising temperatures, have made current coffee-growing regions less suitable, leading growers to clear areas of pristine rainforest upriver to achieve more tolerable climates for their coffee plantations.
“The demand for coffee is increasing year on year, with climate change having a significant impact on agricultural regions, which in turn will impact the consumer in terms of price and availability,” said Rob Leclerc of AgFunder. . “The revolutionary technologies developed by Atomo will be part of the solution so that future generations can continue to enjoy their favorite beers.”
Atomo is available now on the company’s website www.atomocoffee.com and will be available in select retail outlets later this year.
About Atomo Coffee
Founded in 2019, Atomo is a Seattle-based food tech startup making coffee taste better and tackling the climate crisis by reinventing the coffee of tomorrow. They reverse engineered the coffee bean, producing exceptional cold brew coffee that tastes great and feels good.
About S2G Ventures
S2G Ventures, the direct investment team of Builders Vision, partners with entrepreneurs working on solutions to some of the world’s biggest challenges in the food, agriculture, ocean and water markets. ‘clean energy. We provide capital, mentorship and value-added resources to companies seeking innovative market-based solutions that generate positive social, environmental and financial returns. We provide our partners with flexible capital solutions that can range from seed and venture capital financing to debt and infrastructure financing to growth capital. For more information on S2G, visit s2gventures.com, tune in to our podcast, or connect with us on LinkedIn.
About Horizons Ventures
Horizons Ventures was co-founded by Solina Chau and Debbie Chang in 2005. It is known for backing era-defining companies that have a lasting and positive impact in the world. Among its series of notable early stage investments are Zoom, Impossible Foods, Perfect Day, Spotify, Siri and DeepMind, mirroring Horizons Ventures methodical long-term investment approach.
Founded in 2013 and based in Silicon Valley, Agfunder is one of the most active agribusiness venture capital firms. Their mission is to invest in technologies to rapidly transform our food and agricultural system.
Image 1: Atomo product range
Highlights include (left to right) Classic Black Cold Brew, Ultra Smooth Cold Brew and Oat Milk Latte with Minor Figures milk.
Image 2: Kudos to Atomo!
Showcase of the flagship range
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