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Trade Coffee
Personalised coffee subscription service
- 21-100 employees
- B2C
- Retail
- Food
- Consumer Goods
- Lower Manhattan, New York, NY
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Company mission
Trade Coffee's mission is to support local communities near and far by connecting coffee drinkers to better coffee.
4% employee growth in 12 months
Our take
Trade Coffee acts as a marketplace connecting consumers and roasters to deliver freshly roasted beans via a subscription model. The company uses a unique approach by tailoring its recommendations to the consumer based on their individual preferences.
The company's potential audience large, with 60%+ of the adult American population reportedly drinking coffee daily. Trade Coffee launched in 2018, but saw its business grow significantly as the company benefitted from the drop off in coffee shop sales and a shift to at-home brewing in the past few years.
Trade Coffee has already sold coffee bags in the millions and has managed to raise an impressive amount of funding. Demand for the company's speciality service has so far remained strong. However, with tight margins and a fast-reopening coffee shop industry, Trade must stay ahead of the game to retain their lucrative customer base.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 401k
- Equal opportunity employer
- Unlimited coffee
- Equity package
- Work from home opportunities
- Health insurance
Funding (1 round)
Sep 2020
$9m
EARLY VC
Total funding: $9m
Leadership
Mike Lackman
(CEO, not founder)Experienced executive, having served as CEO and COO for PetFlow, CMO and CDO for Phillips Pet Food & Supplies and most recently as President of PHIDO.