Nothing Like the Smell of a Freshly Brewed £2M Series A
August 12, 2014
Pact Coffee, a U.K. subscription-based coffee delivery company, has raised £2 million ($3.4 million) in Series A funding led by MMC Ventures. The funds bring the total raised by Pact to £2.5 million ($4.2 million); it grabbed a £1.3 million ($2.2 million) valuation with its initial £500,000 ($839,000) seed funding in 2013. With a subscription, customers can opt to have whole or freshly ground roasted coffee beans delivered straight to their door. Also participating in the new funding were previous investor Connect Ventures and several individual investors.