Grind has announced that it has raised £22m via a new investment round, which it plans to use to speed up the growth of its direct-to-consumer business in the UK while looking at international markets.
London-based Grind operates cafes and restaurants across the city, while its DTC unit offers at-home coffee products, such as compostable and organic coffee pods for Nespresso.
The latest investment round was led by entrepreneur and author Richard Koch, founder of LEK Consulting. Grind said its international ambitions include plans to move into the US market in 2022.
David Abrahamovitch, co-founder of Grind, noted: “It’s amazing to reflect on how the little coffee shop we opened a decade ago has evolved into such a recognisable brand, enjoyed by our customers around the world. Each year, we serve hundreds of thousands of coffee lovers through our London stores, and through our compostable coffee pods, we’ve now found a way that we can take the Grind coffee experience into the homes of millions more around the world.”
