Atomo raises $40 million to scale beanless coffee

SEATTLE — Atomo Espresso, Inc. elevated $40 million in Series A funding to extend its bean-totally free coffee system.

Founded in 2019, Atomo aims to reverse engineer espresso utilizing upcycled elements. Experiences about the earlier many decades have emphasized the influence of climate change on espresso developing locations close to the world. Challenges like drought and frost as perfectly as soaring temperatures are earning present espresso expanding regions a lot less acceptable, prompting growers to deforest spots of virgin rainforest to entry more tolerable climates for their plantations. Atomo promises its bean-cost-free brew produces 93% much less carbon emissions and calls for 94% a lot less h2o than typical coffee.

Led by S2G Ventures, AgFunder and Horizons Ventures, the $40 million fundraise will guidance manufacturing scale and the formal buyer start of the company’s drinks, commencing with two all set-to-consume chilly brews in typical black and ultra-clean types. Obtainable on the net direct-to-customer, the products are brewed from plant-based mostly substances and incorporate the exact amount of caffeine buyers be expecting from conventional coffee, in accordance to the enterprise.

In a recent blind examine executed by National Meals Labs, Atomo’s chilly brew outranked competitive traditional chilly brew solutions on desire 2:1. Panelists were unable to identify that Atomo was produced without the need of coffee beans, mentioned Ed Hoehn, head of growth at the Seattle-based startup.

“Consumers are surprised when we explain to them our coffee is built from upcycled vegetation developed in the United states and not from coffee beans,” he stated. “We are not ‘bleeping and blooping atoms jointly.’ We are brewing espresso from sustainable upcycled plants.”