Spinn, a Los Angeles, CA-based hardware-enabled coffee marketplace, raised $20m in funding.
The round was led by Spark Capital, with participation from Amazon’s Alexa Fund, Bar 9 Ventures and existing investors.
The company intends to use the funds to accelerate growth, further develop its patented brewing technologies, and complete delivery of outstanding pre-orders.
Led by Roderick de Rode, CEO, Spinn is a hardware-enabled coffee marketplace, which uses centrifugal force to make a cup of coffee and owns a broad patent portfolio. Spinn technology makes Espresso style coffee, Americano, Drip/Filter, Cold brew and other coffee styles in one machine by adjusting the speed of spinning and recipes generated by the roaster network.
With a voice command to Amazon’s Alexa or tap of a button — either from a mobile phone or on the machine itself, the Spinn machine grinds beans, heats water and brews the type and amount of coffee desired.
The company has built a delivery network encompassing more than 500 artisan roasters from around the globe.
FinSMEs
26/07/2021