Cold Brew Coffee Maker Wandering Bear Secures $8M In Funding

Posted On: 2/7/2018

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NEW YORK CITY -- Wandering Bear, a leader in the fast-growing cold brew coffee category, said it's closing an $8 million Series A equity round of financing.  

Wandering Bear serves its cold brew in a multi-serve bag-in-box "coffee on tap" formats, 11-fl.oz. single-serve containers, and 5-gallon kegs for food service operators.

To date, New York City-based Wandering Bear has concentrated on expanding its footprint in the Northeast region. In 2017, it built out its supply chain to extend its reach nationwide.

"This significant capital infusion will allow us to execute on the deep infrastructure and innovation pipeline we developed this past year," said Wandering Bear co-founder Matt Bachmann.

The company said proceeds from the funding will be used to build out the senior leadership team, launch a broad innovation pipeline, and invest in sales and marketing.