Blue Bottle Coffee reported the completion of a $75 million financing round

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$75 million was raised by Blue Bottle Coffee following the successful placement and issuance of its unregistered equity securities. A total of ninety-five investors participated to the brokered placement which started on May 29th. The private placement’s expected net proceeds will amount to $73.69 million excluding $1.31 million paid in brokerage fees by the company. JP Morgan Securities acted as sole placement agent on the transaction. Two previous unregistered financing rounds raised an estimated $45.7 million.
The company is a coffee roaster and retailer focused on discovering and preserving the true nature of coffee. Investors include Kevin Systrom of Instagram, Twitter co-founder Ev Williams, Flickr co-founder Caterina Fake, Morgan Stanley Investment Management, Google Ventures and True Ventures.
The company, headquartered in Oakland CA, is led by Bryan Meehan (Executive Chairman). Blue Bottle Coffee elected to keep its revenues undisclosed.
The executive team includes James Freeman.
The board of directors includes Michelangelo Volpi and Tony Conrad.

The company has raised an estimated total of $120.66 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Blue Bottle Coffee
Industry: Other
Amount offered: $75 million
Amount placed: $74.96 million
SEC filing: Source
First sale: 05-29-2015
Data as of: 06-19-2015

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