Food Technology Company, Atomo, Closes $40 Million Series A to Scale Beanless Coffee Product Line
Atomo Coffee, Inc. announces the close of a $40 million Series A investment from agtech leaders S2G Ventures, AgFunder and Horizons Ventures. The funding round enables further investment in beanless coffee new product development, manufacturing scale and the official consumer launch of their game-changing beverages, beginning with two ready-to-drink cold brews. Available now, the initial products include Classic Black and Ultra Smooth, both brewed from plant-based ingredients and deliver the caffeine consumers expect. Atomo’s R&D will continue innovating in the category as they build products to meet every format and occasion for enjoying coffee.
“With Atomo in the hands of the consumer we are empowering them to drink coffee they love while making a choice to do something better for the planet every day,” states Andy Kleitch, CEO and cofounder of Atomo.
Founded in 2019 in the heart of Seattle, Atomo’s mission is to reverse engineer coffee, utilizing upcycled ingredients to deliver a consistently smooth coffee experience with a reduced environmental impact. Having perfected their solution, they are now prepared to deliver consumers a premium tasting coffee experience with 93% less carbon emission and 94% less water.
“Atomo’s cold brew products deliver great environmental benefits and their taste is superior to other products on the shelves,” adds Chuck Templeton “Great taste and better for the planet is a win-win combination.”
In a recent blind taste study conducted by National Food Labs, Atomo’s cold brew out ranked competitive conventional cold brew products on preference 2:1, with panelists not being able to recognize Atomo was made without conventional coffee beans.
“We are amazed at how Atomo’s molecular platform is able to create such a premium beanless coffee experience for consumers, with every sip bringing confidence and satisfaction. Atomo is delivering on taste and sustainability for coffee lovers worldwide,” said Wayne Cheng of Horizons Ventures.
Many reports over the past five years have highlighted the effects of climate change on coffee growing regions around the globe. Drought, frost, as well as rising temperatures, have made current coffee growing regions less suitable, leading growers to deforest areas of virgin rainforest uphill to reach more tolerable climates for their coffee plantations.
“The demand for coffee is increasing year over year with climate change significantly impacting the farming regions, which in turn will impact the consumer through price and availability,” mentioned Rob Leclerc of AgFunder. “Breakthrough technologies pioneered by Atomo are going to be a part of the solution for future generations to be able continue enjoying their favorite brews.”