200 Degrees, a Nottingham, UK-based specialty coffee roaster with six coffee shops across the UK and a wholesale business, raised £3m in growth funding.
Foresight Group made the investment.
The investment will support expansion across the UK with a program of shop openings while building the wholesale business and online retail coffee subscription model.
Founded in 2012 by Rob Darby and Tom Vincent, 200 Degrees was initially established as a supplier of coffee beans and machines to cafes, delis, bars and restaurants through a small roasting operation, and later (in 2014) evolved in a coffee shop and barista school. The company has grown rapidly and opened five new stores in the last 18 months in Nottingham, Birmingham, Leeds, Leicester and Cardiff.
As part of the investment plan, Jonathan Hart, former MD of Caffé Nero and CEO of Thorntons, will join the company as Non-Executive Chairman to support its growth.
FinSMEs
11/12/2017