INSUBCONTINENT EXCLUSIVE:
sell the very best beans.The business, headquartered in Berkeley, is today announcing a $40 million Series B financing led by DBL Partners
and SolarCity co-founders Peter and Lyndon Rive
The round brings its total funding to $56 million, including a $10 million Series A last summer.The hardware and software business
manufactures tech-enabled zero-emission commercial coffee roasters designed to sit in cafes, grocery stores, on college campuses and any
other place people buy coffee
Purchase of a roaster, which are sold for $75,000 or leased for $1,000 per month, comes with access to an online marketplace for coffee
The goal is to give coffee shops the power to roast their own beans, forgoing the middle men that have historically sold wholesale
customers, Bellwether plans to expand manufacturing capabilities and grow its customer-facing team with the infusion of venture capital
After growing revenues 6x in 2019, the startup is also unlocking its global ambitions, with launches in Southeast Asia and Europe scheduled
The company is also backed by FusionX, Congruent Ventures, Coffee Bell, Tandem Capital, Spindrift Equities, XN Ventures, Balius Partners
