Monday, July 26, 2021

SPINN Snag $20M For Coffee Device

A new, Los Angeles-based startup, SPINN, developing a fully automated, mobile- or voice-controlled coffee maker which grinds beans, heats water, and brews coffee for users, said on Monday that it has raised $20M in a funding round. The funding was led by Spark Capital, and also included Amazon's Alexa Fund, Bar 9 Ventures and others. The startup, led by CEO Roderic de Rode, said its hardware uses centrifugal force to make its own coffee, in addition to grinding and its other features. The company said the new funding will help it accelerate growth, further develop its patented brewing technologies, and complete delivery of outstanding pre-orders. More information »

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