Barcelona-based Funding of €6 million is raised for Incapto. Current investors JME Ventures, Atresmedia, the Portuguese firm Bynd, and the Drago family office (De Agostini group) also participated in this venture, which was spearheaded by P101.
Starting in September, the company will be able expand its commercial and administrative presence in Italy, France, and Portugal thanks to the money raised through this investment round.
Incapto is going to use the funds gathered to create new coffee machine models and to keep growing in shopping malls; it is currently operating a location at Barcelona’s Illa Diagonal.
The business also aims to expand the capacity of its Ripollet (Barcelona) roasting and logistics establishment, from which it ships freshly roasted coffee to consumers as well as businesses.
Francesc Font, Co-Founder & Co-CEO of Incapto, stated: “Having reached so many households and businesses in just three years motivates us to continue our mission of revolutionizing the coffee world. We believe that change is unstoppable, leading towards specialty coffee, freshly ground with automatic machines, and being responsible towards coffee growers and the environment. We have positioned ourselves as a genuine alternative to coffee capsules by digitizing the entire value chain, and we believe it’s time to export this model to our neighbouring countries.”
Incapto was created in June 2020, precisely in the middle of the epidemic, to address Spain’s new coffee consumption habits. In addition to a super-automatic coffee maker which allows users to enjoy freshly ground coffee with the quickness and simplicity of coffee capsules while reducing waste, the business also promotes the consumption of high-quality specialty coffees.
Incapto has had exceptional success in little over three years of existence thanks to its business model, which consists of speciality coffee subscriptions for both individuals and corporations. They have added more than 2,000 groups to their corporate coffee platform and earned a total of 20,000 clients, with a sizable part being subscribers.