Commonwealth Joe, an Arlington, VA-based coffee roasting company, closed a $2.5m seed funding round.
The round was led by Mendacre with participation from Hammerstone Capital and Stroud Companies.
The company, which has raised more than $4.0m in total since inception in 2012, intends to use the funds to increase production, further improve product quality, recruit top talent, and improve capabilities.
Led by Robert Peck, Co-Founder & CEO, and Chase Damiano, COO, Commonwealth Joe provides premium coffee programs including Nitro Cold Brew to offices in the DC Metro Area, supplying technology businesses, marketing agencies, architecture firms, investment banks, law firms, newsrooms, and other companies spanning a wide range of industries.
Eight to twelve specialty small batch roasts are available at any given time online and at regional grocers including Whole Foods Market, as well as at coffee shops such as The Java Shack, Arlington’s oldest coffee house (purchased by Commonwealth Joe in 2015) and the brand’s flagship store in Pentagon City, which opened in fall 2016.
FinSMEs
21/08/2017