Bruvi, a Los Angeles, CA-based multi-beverage and multi-brand single-serve coffee system, raised $7m in pre-series A funding.
Investors in this round, which brought total capital raised to $10.8m, included high net worth individuals, family offices as well as entrepreneurs represented by The Merchant Club. Additionally, venture capital funds include Terpsi Capital, 9Yards Capital, Cambridge Companies SPG, Miroma Ventures and M1 on behalf of BIA, a food and coffee conglomerate in the Americas.
The company intends to use the funds to pay for manufacturing, software development, brewer inventory and digital advertising expenses, as it prepares for pre-orders in November 2021 and national launch in Q1 2022.
Founded by Sung Oh and Mel Elias, Bruvi is a B Corp pending company that brews filter coffee, espresso, matcha lattes, Americanos from a single-serve capsule system. It will offer a range of sustainably sourced craft coffees and selections from some of Los Angeles’ most popular roasters.
Additionally, Bruvi is an IOT smart device, offering optional mobile App and Wifi connectivity.
FinSMEs
21/09/2021