# Wandering Bear

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wandering-bear

- Industry: Logistics & Distribution
- Headquarters: New York, US
- Website: www.wanderingbearcoffee.com
- Total disclosed funding: $8M
- Latest round: Series A (Feb 5, 2018)
- Investors on record: 2

## About

Wandering Bear LLC is a New York-based company specializing in ready-to-drink cold brew coffee products, fulfilling the increasing demand for convenient and high-quality coffee solutions.Founded in 2014, Wandering Bear LLC creates ready-to-drink cold brew coffee beverages. The company is headquartered in New York, US. Founders Ben Gordon and Matthew Bachmann previously pursued entrepreneurial ventures before establishing Wandering Bear. In February 2018, the company raised USD 8.00 mn in Series A funding from investors including AccelFoods and M3 Ventures, totaling USD 8.00 mn raised to date.Wandering Bear Coffee specializes in cold brew coffee products, offering items such as Cold Brew on Tap (96oz), Cold Brew Boxes (1 gallon), 32oz cartons in various flavors, and 32oz concentrates, alongside single-serve options. Their products use specialty-grade beans and a unique cold brew process to provide low-acidity and smooth-tasting coffee, targeting coffee enthusiasts and busy professionals across major metropolitan areas in the United States.Wandering Bear Coffee generates revenue primarily through direct-to-consumer sales and subscription services, offering individual product purchases as well as bundled savings through membership programs. Their pricing structure varies by product, facilitating transactions through an online platform where customers can customize orders and manage subscriptions for regular deliveries, ensuring a reliable revenue stream through recurring orders and membership fees.With the recent funding raised in February 2018, Wandering Bear LLC aims to expand its product line and enter new geographic markets. The company is focusing on designing upcoming products that align with consumer trends in cold brew offerings. Plans to reach additional urban areas in the US are also in place, utilizing the USD 8.00 mn in Series A funding to support these initiatives.

## Funding rounds

- Series A, Feb 5, 2018, $8M — AF Ventures, Beliade

## Investors

- AF Ventures (https://capitalatlas.ai/funds/af-ventures) — Series A
- Beliade (https://capitalatlas.ai/funds/beliade) — Series A