Q3 2019

www.wealthandfinance-news.com 24 Wealth & Finance International - Q3 2019 Atomo Coffee Inc, announced it has secured $2.6 million in seed funding to develop the world’s first molecular coffee, made without beans. The team reverse engineered the coffee bean to create a uniquely smooth cup of coffee, one that is more consistent and more sustainable than current commercial coffee. Climate change is pushing coffee farmers uphill into virgin rain forest lands, causing approximately 250,000 acres of deforestation per year. Atomo’s naturally derived ingredients deliver the same great coffee experience without the negative environmental impacts. “Atomo’s beanless coffee provides consumers with a sustainable choice while delivering the great taste and caffeine they expect in their morning cup,” said CEO of Atomo, Andy Kleitsch. “The coffee industry is ripe for innovation and change,” said Chief Scientist, Jarret Stopforth Ph.D. “The acceptance of agriculture alternatives has been proven with meatless meats and dairy-free milks, we want to continue that movement in a category we feel passionate about, coffee.” “Coffee consumption has been steadily increasing year over year globally. We are proud to share Atomo’s vision in finding innovative alternative solutions to the growing issues surrounding the coffee industry,” said Tony Lau of Horizons Ventures. Atomo has added food and beverage technology veterans to their advisory board including, Bryan Crowley, CEO of Soylent, as well as the world’s leading expert in coffee science, Dr. Chahan Yeretzian of the Swiss Coffee Excellence Center (ZHAW). Horizons Ventures - Early investor in Impossible Foods and Perfect Day - continues food innovation investment with Atomo. Atomo Secures $2.6 Million in Seed Funding to Create the World’s First Molecular Coffee