Want great-quality coffee that you can make in seconds? This week’s startup grinds, brews, and flash freezes coffees from top-tier roasters. Drop the Cometeer coffee puck in a mug, pour hot water, and voila!
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⚾ The Elevator Pitch:
If you want a delicious, flavorful cup of coffee in under a minute, you don’t actually have a lot of options. Brewing your own takes time and energy, and buying coffee at cafes can add up if you’re going anywhere decent. And let’s not even talk about instant coffee. Cometeer offers a better alternative.
The company brews freshly roasted coffee beans at 10x strength, then flash freezes the resulting coffee, preserving it at peak freshness and flavor. You can melt the solid capsule into a cup of hot water in 30 seconds, or pour a melted capsule into water or milk — it’s the easiest possible way to make iced coffee. Oh, and the capsules themselves are 100% curbside recyclable. Now anyone can now whip up barista-quality coffee with minimal effort. Cometeer won Best New Product at the Specialty Coffee Expo in 2019, the Expo’s most prestigious award.
👇 The Drop Down
School: Bentley University
Stage: Early-stage venture funding
Trend: Convenient, pourover-quality coffee
Traction: Raised over $50M from top VCs and celebrities such as D1, Elephant, the the former president of Nespresso, and Maroon 5 frontman Adam Levine
Team: College honors program, MIT grad school
Matthew Roberts – Co-Founder & CEO
Douglas Hoon – Co-Founder & CTO
🔍 Our analysis
🌎 Big opportunity, big market
The market size for coffee in the United States alone is a whopping $94 billion! There’s still lots of room for improvement, especially for unique and innovative products like Cometeer. The company has the potential to redefine how people think about coffee in terms of quality and convenience.
🌱 Sustainability at the forefront
Cometeer’s aluminum capsules are fully recyclable, because they don’t contain grounds. In addition, all of the product’s packaging and shipping materials are recyclable. The capsules’ 18+ month shelf life eliminates waste from beans or ground coffee going stale on-shelf. All of Cometeer’s spent grinds are sent to a local composting company.
🌟 Dozens of top-tier backers
Cometeer has raised over $50 million from a stacked list of venture funds (D1 Capital, Addition, Elephant, Avenir), founders (from Allbirds, Dollar Shave Club, Warby Parker, Ramp, and Stripe), coffee connoisseurs (Keurig founder, Nespresso former president), and celebrities (Adam Levine, Aaron Paul).
🤝 Get involved with Cometeer
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