Black Sheep Coffee, a London, UK-based coffee shop chain, secured £13m in funding.
– Tellef Thorleifsson, CEO of Norfund and co-founder of Northzone Fund,
– Bill Shultz, president of Coca-Cola Canada and board member at Coca-Cola Global,
– Tore Myrholt, currently Chairman for the Board at Antler and former chairman of McKinsey Consulting Group, and
– Jacob Schram, former CEO at CircleK.
The funding will allow the company to continue its global expansion, throughout Asia, the U.S., France, Germany, Switzerland, Austria and the GCC region, starting with UAE this summer, with the aim of growing its existing number of sites from 34 to 70 by the end of 2019, and further develop its e-commerce platform.
Founded in 2013 by Gabriel Shohet and Eirik Holth, Black Sheep Coffee is a specialist independent coffee shop chain and provider of a newly launched e-commerce platform which allows customers to buy coffee beans, gift cards, branded bamboo reusable cups and hoodies and t-shirts.
The beans are also now available to buy on Amazon and through subscription.
Pre-money valuation for the funding round was £96.2m, bringing the company’s post-money valuation to £109.2m.