Commonwealth Joe’s cold brew coffee on draft is set to expand to more offices.
The Arlington, Va.–based coffee company raised $2.5 million in seed funding with an eye toward expanding its Nitro Cold Brew program.
The funding round was led by “deal-by-deal expansion capital fund” Mendacre, according to a statement. Hammerstone Capital and Stroud Companies also participated.
Founded in 2012, the company began providing the Nitro Cold Brew to D.C.–area offices in 2014. It became the flagship product for the company, and is now in coworking spaces and other tech offices, Along with brewing the coffee itself, the company offers a full-service program, providing and installing kegerators, kegs and the tap.
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The company markets it as a tool that can help retain and attract talent, as well as add some productivity.
“Our Nitro Cold Brew is an investment into your people and culture,” Chief Operating Officer Chase Damiano said in a statement. “It is one way a company can communicate its values to its people, and it quickly becomes one of the most valued amenities in the office. We hear time and time again that our Nitro Cold Brew makes employees happier, more productive, more engaged, and translating to better relationships with your customers, clients and partners.”
With the funding, the company plans to increase production and capacity, as well as recruit top talent, the release states.
For those who don’t have it in the office, Commonwealth Joe has a flagship store in Pentagon City and-30-