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.
https://twitter.com/FoolCulture/status/889496012771012608
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
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!