Kliro Capital Partners has made a minority investment in Solo Coffee Limited.
Solo Coffee is a ready-to-drink coffee company that supplies many of the UK’s major hospitality groups, selling in over 2,000 outlets across the UK, as well as being available on Amazon and Ocado.
After years of working in speciality coffee, founders Theo Garcia and Alex Foss Sims decided to apply their expertise to create a finished product which would be readily available to all lovers of good coffee. Solo Coffee Concentrate is barista quality, ready-to-serve, espresso strength coffee which can be used for all coffee serves.
This ready-to-drink coffee is most frequently used as a base for Espresso Martinis, Iced Lattes, and Cold Brew Coffee drinks enabling customers such as bars, restaurants and hotels to consistently offer coffee-based cocktails of the highest quality on a cost-effective basis.
Funds raised by Solo Coffee will be used to support the company’s entry and expansion into the USA’s hospitality industry. The company is in discussion with some of the largest state distributors and restaurant chains in the USA and has already contracted to supply the Hollywood actor Millie Bobby Brown’s coffee brand ‘Florence by Mills’.
Warren Scott, founder of Kliro Capital Partners, said: “We are delighted to have invested in Solo Coffee. Solo is a young dynamic business led by Theo and Alex who have an extraordinary passion for coffee. Their mission is simple, to make great quality barista coffee available to all. Kliro Capital Partners is committed to the pursuit of excellence in the drinks industry, and this is a further step in our strategy to support entrepreneurial businesses looking to shape their industries.”
Theo Garcia, co-founder of Solo Coffee, said: “We are extremely excited to have Kliro Capital Partners joining the Solo Coffee team. From the first conversation we had with Warren and the team, I knew that they could be the perfect partner to support our business. With years of relevant experience, we felt that we had found the optimal fit.
“Although we are at the start of our relationship, I have no doubt that Kliro will add tremendous value to the business. Finding an investor has been difficult for us as we believe a partner should ideally be able to support in multiple ways, not just financial. Fortunately, Kliro Capital Partners are able to offer value in many different areas.”