AUSTIN, TEXAS — Cold-brew coffee startup Brewbike has raised more than $3 million in its latest round of bridge funding to expand operations.
Founded in 2015, Brewbike provides hands-on entrepreneurial experience to college students. The company currently operates student-run coffee businesses on four college campuses across the country and is planning to add new markets with the latest funding. To date, Brewbike has employed more than 450 students and provided more than $700,000 in student wages. Additionally, Brewbike recently launched a direct-to-consumer business selling a variety of cold-brew bags and merchandise at brewbike.com.
“I’m so excited about what this round will do for our business,” said Sierra Bloodgood, chief executive officer of Brewbike. “With this new funding, we’ve launched our direct-to-consumer product, built a new brand and website, are expanding from 4 to 11 campuses with more on the way. We are excited for the reach and impact this funding will allow us to have and are excited to partner with everyone who participated.”
Investors in the recent funding round include CEAS Investments, Connetic Ventures, Koto, Techra Investments, Mats Lederhausen’s Be-Cause Ventures, Westbrook Inc., Joe Mansueto and Venetia Kontogouris.