Wastespresso Completes Bridge Investment Round

Wastespresso is an upcycling company that utilises coffee waste. They recycle the coffee waste they manage with their sustainable technological infrastructure. In this way, disposable, reusable cups, straws, pots, spoons, etc. for the packaging and plastic sectors. bio raw materials as well as white goods, automotive, etc. It should be noted that they produce special parts for sectors. In recent months, the company had received investment from Founder One at a valuation of $ 3 million. It should be noted that the company, which has been in the bridge investment round for a while, has attracted interest from new investors.

The startup, which uses coffee waste as raw material, announced the completion of the bridge round with the participation of This Is a Company. This Is a Company focuses on investment activities in the food and beverage sector. Namely, it focuses on R&D and investment studies of different projects related to sustainable approaches.

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Financial Details for Wastespresso Not Yet Announced

Erciyas Holding also participated in the bridge tour. Erciyas Holding is one of the first investors of Wastespresso. Financial details of the bridge investment round have not yet been announced. Wastespresso stated that it will accelerate its global expansion with the investment it has received, and will also expand its production capacity. Meanwhile, with the investment announcement, the company will enter many different sectors such as food, furniture and manufacturing, as well as the plastics and packaging sector.