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- Cometeer
Cometeer Valuation, Funding & Investors
Cometeer is valued at $1B as of October 2021.
Last Cometeer valuation
$1B
Series B · Oct 2021
Last Cometeer funding round
$35M
Series B · Oct 2021
Cumulative funding Cometeer raised
$85M
across 2 funding rounds
Key investors in Cometeer
D1 Capital Partners
Avenir
Elephant
Greycroft
Ironwood Ventures
TQ Ventures
About Cometeer
Cometeer is a Boston-based coffee company revolutionizing specialty coffee delivery through frozen capsules that preserve fresh-brewed flavor without machines. Consumers receive monthly shipments of single-serve pods made from beans sourced from farms in Ethiopia, Colombia, and Brazil, simply adding hot water or milk for cafe-quality espresso or drip coffee. The pods feature compostable materials and support direct trade with roasters.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription, Product sales
Valuation
$1B (Oct 2021)
Sectors
Cometeer Valuation
Cometeer is currently valued at $1B, based on its Series B in October 2021.
The $35M round included Tao Capital Partners, Terrance McArthur, Greycroft, Avenir, D1 Capital Partners and 3 other investors.
Cometeer valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series B | $1B |
Cometeer Funding History
Cometeer has raised a total of $85M across 2 funding rounds.
Cometeer's first fundraising round was a $50M Series A in April 2020. The most recent completed round was a $35M Series B in October 2021.
Cometeer funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series B | Tao Capital Partners; Terrance McArthur; Greycroft; Avenir; D1 Capital Partners; Elephant; TQ Ventures; Ironwood Ventures | $35M | $1B | Cometeer is a Gloucester, Massachusetts-based coffee tech startup founded around 2012-2015 that produces flash-frozen coffee 'pucks' or capsules at 10x strength, packaged in aluminum for direct-to-consumer sale via e-commerce. The pucks are dissolved in hot water or milk, partnering with specialty roasters like George Howell, Equator, Bird Rock, and others committed to direct trade and de-commoditization of coffee. The company operates from a 70,000-square-foot former frozen seafood facility, focusing initially on DTC while trialing B2B and on-premise solutions like corporate gifting and cafe pilots. On October 19, 2021, Cometeer raised $35 million in a Series B funding round, bringing total funding to $100 million after a prior $50 million round in April 2020 (some sources cite total as $85M). Investors included D1 Capital Partners, Elephant, Avenir, Greycroft, Tao Capital Partners, TQ Ventures, Addition Ventures, Ironwood Ventures (implied in some lists), and angels like Terrance McArthur (Keurig Green Mountain founder), former Nespresso president, Blue Bottle leads, and Scooter Braun. Funds will scale proprietary brewing production, complete headquarters buildout, expand roaster partnerships, and grow from 120 employees. Launched publicly post-pilot by ending its waitlist, Cometeer sells 32-puck shipments for $64 ($2 each), emphasizing convenience, quality, and sustainability in packaging and sourcing. It positions against innovations like compostable pods, beanless coffees (Atomo, Voyage Foods), in a market seeing food tech investments. Later developments include new roaster partners like Proud Mary in 2025. |
| Apr 2020 | Series A | Avenir; D1 Capital Partners; Elephant | $50M | - | Cometeer is a Gloucester, Massachusetts-based startup founded in 2012 that produces flash-frozen coffee 'pucks' sealed in aluminum capsules, designed to preserve flavor and dissolve in hot water for a fresh brew equivalent. The company operates from a former frozen seafood facility with a proprietary multimillion-dollar production line and has grown from 12 to 120 employees since its previous funding round. It focuses on direct-to-consumer sales, with products priced at around $2 per capsule in shipments of 32 for $64, and is trialing on-premise and B2B solutions like corporate gifting. In April 2020, Cometeer closed a $50 million funding round, identified as a Series A, with participation from investors including Avenir, D1 Capital Partners, and Elephant. This brought total funding to $85 million ahead of a $35 million Series B in October 2021 led by the same core investors plus Addition Ventures, Greycroft, Tao Capital, TQ Ventures, and angels like former Nespresso and Keurig executives. Cometeer emphasized extreme growth post-2020 round, expanded manufacturing at its 70,000-square-foot facility, and launched publicly after a pilot, prioritizing sustainable, curbside-recyclable packaging and partnerships with diverse roasters to de-commoditize coffee. It competes in an innovative coffee market highlighting sustainability and novel brewing tech. |
Who has invested in Cometeer?
8 investors have backed Cometeer across its funding rounds, including D1 Capital Partners, Avenir, Elephant, Greycroft, Ironwood Ventures and TQ Ventures.
Cometeer Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Apr 2020 | ||
| 2 | Participant | Apr 2020 | ||
| 2 | Participant | Apr 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
This data is available for Pro users. Sign up to see all 8 Cometeer investors. Start Free Trial | ||||
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Start Free TrialCometeer Competitors
Cometeer competitors include listed companies like Scandi Standard and Toly Bread, and private ones like Califia Farms, Cirkul, Fruitist and Kopi Kenangan.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $184M | - | $1B | 5.4x | ||
| Publicly listed | $1.4B | $103M | $1B | 0.8x | ||
| Publicly listed | $812M | $123M | $997M | 1.4x |
Cometeer Public Comps
Cometeer is still privately-owned, but its public comps include Scandi Standard, Toly Bread, AGT Food and Ingredients, Cobram Estate Olives, Grupo Herdez, Armada Gida, Princes Group, BellRing Brands, Isfelag and Orion Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.4B | $103M | 0.9x | 0.8x | 12.3x | 10.3x | |||
| $812M | $123M | 1.4x | 1.4x | 9.4x | 9.2x | |||
| $59M | $56M | 18.1x | 0.5x | 18.9x | 7.5x | |||
| $191M | $7M | 7.1x | 5.8x | 183.3x | 23.6x | |||
| $2.2B | $440M | 0.7x | 0.9x | 3.6x | 5.8x | |||
| $250M | $26M | 4.3x | - | 41.7x | - | |||
| $2.5B | $200M | 0.3x | 0.3x | 3.6x | 3.3x | |||
| $2.3B | $376M | 0.9x | 0.9x | 5.7x | 7.3x | |||
This data is available for Pro users. Sign up to see all Cometeer competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cometeer
| When was Cometeer founded? | Cometeer was founded in 2015. |
| Where is Cometeer headquartered? | Cometeer is headquartered in United States. |
| Is Cometeer publicly listed? | No, Cometeer is a private, VC-backed company. |
| What is Cometeer's valuation? | Cometeer was last valued at $1B in its Series B in October 2021. |
| How much funding has Cometeer raised? | Cometeer has raised $85M across 2 funding rounds. |
| What was Cometeer's last funding round? | Cometeer's last funding round was a $35M Series B in October 2021. |
| Who are Cometeer's investors? | Cometeer's investors include Avenir, D1 Capital Partners, Elephant, Tao Capital Partners, Terrance McArthur, Greycroft, TQ Ventures and Ironwood Ventures. |
| Which companies are comparable to Cometeer? | Companies comparable to Cometeer include Califia Farms, Cirkul, Fruitist, Kopi Kenangan, Scandi Standard and Toly Bread. |
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