Country for PR: United States
Contributor: PR Newswire New York
Monday, January 24 2022 - 22:00
AsiaNet
The Green Coffee Company Funds $13.2 million Series B Round to bring total equity invested to $25 million; On Path to Becoming Colombia's #1 Largest Coffee Producer
MEDELLIN, Colombia, Jan. 24, 2022 /PRNewswire-AsiaNet/ --

The Green Coffee Company (GCC), a Legacy Group portfolio company, is pleased to 
report that it has fully funded its Series B funding round, which the company 
recently upsized by $3.5 million due to high demand to $13.2 million (USD). 
There are currently over 220 individual investors in the business with its 
accredited investor base rapidly accelerating.

Logo - https://mma.prnewswire.com/media/1730901/Green_Coffee_Company_Logo.jpg  
Photo - 
https://mma.prnewswire.com/media/1730902/Green_Coffee_Company_Farms.jpg  

As the Green Coffee Company looks towards the future, the focus will be on 
solidifying its position as the #1 largest coffee producer in all of Colombia. 
The path to a successful exit for the company has become more clear as it has 
navigated through this capital raise. The GCC used this investment to (1) 
double its farms to 4,700 acres - becoming the #2 largest coffee producer in 
Colombia - and (2) to become the most technologically-advanced coffee producer 
in Colombia and, we believe, globally.

The $3.5 million upsize to the original $9.6 million Series B was funded in 
just three weeks by the company's accredited investor base. Over the past six 
months, the company has welcomed dozens of investors and supporters of the 
business to its farms in Salgar, Colombia in order to see its progress 
first-hand. The GCC has inaugurated the first of two new world-class coffee 
processing facilities, with the second expected to come online in Q1 2022 
(watch here) ( 
https://c212.net/c/link/?t=0&l=en&o=3419585-1&h=3430446033&u=https%3A%2F%2Fwww.linkedin.com%2Fposts%2Flegacygroup_the-green-coffee-company-opens-the-most-advanced-activity-6861428202787672064-2msG%2F&a=watch+ 
).

The Green Coffee Company is a consolidated coffee farming operation 
headquartered in the U.S. with operations based in Medellin, Colombia. The 
company's innovative business model allows for complete control of the supply 
chain: from cultivation, through processing, to direct trade with end-clients. 
GCC's holistic approach to the coffee sector and commitment to best 
environmental practices not only establishes the long-term profitability and 
sustainability of the business, but also improves the quality of the coffee 
produced on the farms.

For more information, please contact the company's asset manager, Legacy Group, 
at investor.relations@legacy-group.co, or visit their website at 
https://legacy-group.co/.

Follow Legacy Group on Linkedin for communications related to the Green Coffee 
Company and other alternative investment opportunities: at 
https://www.linkedin.com/company/legacygroup/.

SOURCE  Legacy Group
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