BibeCoffee Raises €2.1M in Funding

BibeCoffee, an Athens, Greece-based provider of IoT-based monitoring software for coffee machines and related equipment, raised €2.1M in funding.

The round was led by Eleven Ventures, with participation from Venture Friends, Uni.Fund and other angel investors.

The company intends to use the funds to accelerate growth and expand operations.

Founded by Vasilis Apostolopoulos, Panos Vrettos and Kostas Sigalas, BibeCoffee provides a telemetry platform to help coffee shops, retail chains and roasters connect any coffee machine or grinder to the cloud to standardize cup quality, reduce coffee wastage and machine downtime, streamline maintenance, and transform business models.