Kliro Capital Partners has made a minority investment in Solo Coffee, the makers of a ready-to-drink coffee brand that is sold in 2,000 hospitality outlets across the UK, as well as being available on Amazon and Ocado.
The funds raised by Solo Coffee will be used to support its entry and expansion into the US’s hospitality industry. The company is in discussion with some of the largest distributors and restaurant chains in the country and has already contracted to supply the Hollywood actor Millie Bobby Brown’s coffee brand ‘Florence by Mills’.
Warren ScoX, founder of Kliro Capital Partners, said: “We are delighted to have invested in Solo Coffee. Solo is a young dynamic business led by Theo and Alex, who have an extraordinary passion for coffee. Their mission is simple, to make great quality barista coffee available to all. Kliro Capital Partners is committed to the pursuit of excellence in the drinks industry, and this is a further step in our strategy to support entrepreneurial businesses looking to shape their industries.”
Theo Garcia, co-founder of Solo Coffee, added: “We are extremely excited to have Kliro Capital Partners joining the Solo Coffee team. From the first conversation we had with Warren and the team, I knew that they could be the perfect partner to support our business. With years of relevant experience, we felt that we had found the optimal fit.
“Although we are at the start of our relationship, I have no doubt that Kliro will add tremendous value to the business. Finding an investor has been difficult for us as we believe a partner should ideally be able to support in multiple ways, not just financial. Fortunately, Kliro Capital Partners are able to offer value in many different areas.”
