Member Article

Pact Coffee targets Europe with £1m crowdfunding campaign

Fresh coffee delivery startup Pact Coffee has launched a £1m equity crowdfunding campaign as it sets its sights on taking the business international.

The campaign, which is to be organised through crowdfunding platform Crowdcube, will allow customers and the general public to invest as little as £10, while top investors will be rewarded with perks such as lifetime free coffee, expert coffee classes and limited edition blends.

The London-based startup hopes to use the investment to expand into two European markets, supply offices as well as launch further products to expand its range.

Pact now boasts thousands of subscribers in the UK and earlier this month announced a tie-up with Nespresso which now sees the company offering subscribers the option of Nespresso pods through the post.

At the launch of the new crowdfunding initiative Stephen Rapoport, Founder and Chief Executive Officer of Pact Coffee, commented: “We want to change the coffee industry for the better and to do that we aim to grow to a thousand times our current size.

“Investment from the crowd is going to help take us there. We are supremely excited about customer ownership and the co-creation of Pact going forward.

“I’m delighted that we are offering investors the same rights regardless of how much they choose to invest.”

Pact has previously received over £5.6million in institutional funds from the likes of MMC Ventures, Connect Ventures and a range of angel investors including Taavet Hinrikus, Ian Hogarth and Rowan Gormley.

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