Grind acquires Bottleshot Coffee amid £15m investment
As part of the acquisition, Bottleshot’s founders Annie Mitchell and Leonora Berend will join Grind to lead its push into the ready-to-drink coffee space
London-based coffee brand Grind has completed a £15m investment round that facilitated the acquisition of ready-to-drink coffee company, Bottleshot Coffee.
The news comes as the coffee brand, which has cafe locations in Greenwich, Soho and London Bridge, is also investing in growing its at-home coffee products.
Bottleshot Coffee was founded in 2019 and is “the first and only” canned coffee to win a ‘Great Taste’ award. It can be found in retailers like Wholefoods, Ocado and WHSmith.
In 2022, the business was also featured on Dragon’s Den, where it received an investment offer from Dragon Peter Jones.
As part of the acquisition, Bottleshot’s founders Annie Mitchell and Leonora Berend will join Grind to lead its push into the ready-to-drink coffee space, and into grocery and supermarkets for canned coffee, coffee pods and bean and ground coffee.
David Abrahamovitch, Grind’s founder and CEO, said: “Grind had a fantastic 2022, and it’s great to start 2023 with a bang, announcing another major funding round and the acquisition of Bottleshot Coffee.
“We think we can take these foundations and supercharge them with the addition of the Grind brand, and of course, by adding Grind coffee to the new cans we think they’ll taste even better! I’m really excited for Annie and her team to join Grind and lead this new charge.”
Annie Mitchell, founder of Bottleshot and new head of grocery and B2B at Grind, added: “We are thrilled to be joining the Grind team. We believe that by adding Bottleshot to the well-loved and well-known Grind brand, and with the support of the Grind roastery and the wider Grind business, we can achieve our goal of turning Grind cans into the leading challenger brand much faster.”
