# Cometeer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cometeer

- Industry: Food
- Headquarters: US
- Website: www.cometeer.com
- Total disclosed funding: $35M
- Latest round: Series B (Oct 19, 2021)
- Investors on record: 7

## About

Cometeer, Inc. is an innovative company that specializes in providing premium specialty coffee in aluminum capsules, enhancing quality and convenience for coffee lovers.Founded in 2015 in the US, Cometeer, Inc. specializes in flash-frozen coffee capsules. The company has participated in 5 funding deals, with its most recent Series B round raising USD 35.00 mn on October 19, 2021, from investors including Addition and Avenir Growth Capital. The company is led by CEO Matthew Roberts, supported by founder Karl Winkler and team member Tess Loniewski.Cometeer specializes in delivering premium specialty coffee in a unique format that enhances both quality and convenience. The company's core offering consists of aluminum capsules containing freshly brewed coffee that has been flash-frozen to preserve its flavor and aroma. Customers can enjoy a high-quality coffee experience without the need for traditional brewing equipment or barista skills, as the capsules can be easily melted to prepare hot, iced, or latte-style drinks. The Discovery Box, introduced as part of their product line, allows consumers to sample a variety of coffees from esteemed roasters such as Intelligentsia and Counter Culture, providing guided tasting notes and recipes. Cometeer targets coffee enthusiasts and everyday consumers across various geographical markets, focusing primarily on North America and select regions in Europe, making gourmet coffee accessible and approachable.Cometeer's revenue model primarily revolves around subscription services and one-time purchases of its coffee capsules. Customers have the option to sign up for a membership that includes a rotating selection of coffee capsules delivered every two weeks, allowing for a consistent supply of high-quality coffee. The membership is priced at USD 39 for 16 capsules, with the possibility of purchasing additional boxes without ongoing commitment. Retail transactions occur directly through the company's website, where customers can choose from curated boxes or build their own selection of coffees. This structure facilitates direct-to-consumer sales, enhancing customer engagement with the product and fostering brand loyalty. Cometeer's innovative approach is highlighted in its offerings, including the Discovery Box, which serves as an introductory package for new users to explore the brand's diverse coffee selections.In October 2021, Cometeer, Inc. raised USD 35.00 mn in Series B funding to launch its product in earnest. The company plans to introduce new products designed to enhance the coffee experience and aims to expand into new geographic markets. Specific regions targeted for growth include additional markets within Europe, although no exact release dates are provided. The funding will support these initiatives, allowing Cometeer to enhance its product offerings and reach a broader consumer base.

## Funding rounds

- Series B, Oct 19, 2021, $35M — Greycroft, Tao Capital Partners, Elephant, Avenir Growth Capital, D1 Capital Partners, TQ Ventures, Addition

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series B
- Tao Capital Partners (https://capitalatlas.ai/funds/tao-capital-partners) — Series B
- Elephant (https://capitalatlas.ai/funds/elephant) — Series B
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series B
- D1 Capital Partners (https://capitalatlas.ai/funds/d1-capital-partners) — Series B
- TQ Ventures (https://capitalatlas.ai/funds/tq-ventures) — Series B
- Addition (https://capitalatlas.ai/funds/addition) — Series B