# Bellwether Coffee funding: rounds and investors

> Bellwether Coffee has raised $52M across 3 rounds since 2018. Investors include Congruent Ventures, Tandem Capital and The Hardware Club.

Source: https://millionrounds.com/company/bellwether-coffee (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Bellwether Coffee*

3 rounds we have observed, with the 18 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Food & Beverage Foodtech

Funding summary Updated 26 Oct 2026

**$52M** raised across 3 rounds since 2018, from 3 sources

**$10M** Series A **$40M** Series B **$1.9M** Grant

- **Latest round:** Grant, $1.9M Jul 2023
- **Biggest round:** $40M Series B · Sept 2019
- **Investors:** 18 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023

**$10M** Series A

**$40M** Series B

**$1.9M** Grant

- **First round:** Series A, $10M
- **Biggest round:** $40M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **Jul 2023** Grant **$1.9M** *2 new* *1 returning* [Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) [California Energy Commission](https://millionrounds.com/fund/california-energy) [HCVC](https://millionrounds.com/fund/hcvc) Source recorded
- **Sept 2019** Series B **$40M** *8 new* *3 returning* [Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) [Tandem Capital](https://millionrounds.com/fund/tandem) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [The Hardware Club](https://millionrounds.com/fund/hardware-club-3) [Peter Rive](https://millionrounds.com/fund/peter-rive) [Balius Partners](https://millionrounds.com/fund/balius-partners) Coffee Bell Lyndon Spindrift Equities XN Ventures participating from FusionX Reported by FinSMEs SEC filing: $34M sold, first sale Aug 2019
- **Aug 2018** Series A **$10M** *8 new* [Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) Lead [Tandem Capital](https://millionrounds.com/fund/tandem) [New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) [The Hardware Club](https://millionrounds.com/fund/hardware-club-3) [XN](https://millionrounds.com/fund/xn) [FusionX Ventures](https://millionrounds.com/fund/fusionx-ventures) [Lyndon Rive](https://millionrounds.com/fund/lyndon-rive) Pete Reported by TechCrunch SEC filing: $10M sold, first sale Aug 2018

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2018 **Series B** 2019 **Grant** 2023 [Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) L [Tandem Capital](https://millionrounds.com/fund/tandem) [The Hardware Club](https://millionrounds.com/fund/hardware-club-3) [California Energy Commission](https://millionrounds.com/fund/california-energy) [HCVC](https://millionrounds.com/fund/hcvc) [DBL Partners](https://millionrounds.com/fund/dbl-partners) [New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) [XN](https://millionrounds.com/fund/xn) [FusionX Ventures](https://millionrounds.com/fund/fusionx-ventures) [Lyndon Rive](https://millionrounds.com/fund/lyndon-rive)

## Everyone who backed them

[Congruent Ventures](https://millionrounds.com/fund/congruent-ventures) VC firm **3** rounds, led 1

[Tandem Capital](https://millionrounds.com/fund/tandem) VC firm **2** rounds

[The Hardware Club](https://millionrounds.com/fund/hardware-club-3) VC firm **2** rounds

[California Energy Commission](https://millionrounds.com/fund/california-energy) Government **1** round

[HCVC](https://millionrounds.com/fund/hcvc) VC firm **1** round

[DBL Partners](https://millionrounds.com/fund/dbl-partners) VC firm **1** round

[New Ground Ventures](https://millionrounds.com/fund/new-ground-ventures) VC firm **1** round

[XN](https://millionrounds.com/fund/xn) VC firm **1** round

[FusionX Ventures](https://millionrounds.com/fund/fusionx-ventures) VC firm **1** round

[Lyndon Rive](https://millionrounds.com/fund/lyndon-rive) VC firm **1** round

[Peter Rive](https://millionrounds.com/fund/peter-rive) Angel **1** round

[Balius Partners](https://millionrounds.com/fund/balius-partners) Private equity **1** round

Coffee Bell no record of our own yet **1** round

Lyndon no record of our own yet **1** round

participating from FusionX no record of our own yet **1** round

Pete no record of our own yet **1** round

Spindrift Equities no record of our own yet **1** round

XN Ventures no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=bellwether-coffee).

## Quick answers about Bellwether Coffee

### Who invested in Bellwether Coffee?

Bellwether Coffee's investors include Congruent Ventures, Tandem Capital, The Hardware Club, California Energy Commission and HCVC, and 13 more on record.

### How much has Bellwether Coffee raised?

Bellwether Coffee has raised $52M across 3 rounds since 2018.

### When did Bellwether Coffee last raise?

Bellwether Coffee's most recent round was a Grant of $1.9M in Jul 2023.

### What was Bellwether Coffee's biggest round?

Bellwether Coffee's largest round on record is $40M (Series B), in Sept 2019.

### Who backed Bellwether Coffee first?

Bellwether Coffee's first round on record, in Aug 2018, was backed by Congruent Ventures, Tandem Capital and New Ground Ventures and 5 others.

### What stage is Bellwether Coffee at?

Bellwether Coffee's latest named round is a Grant, in Jul 2023.

### Where is Bellwether Coffee based?

Bellwether Coffee is based in the United States.

### Who led Bellwether Coffee's rounds?

Congruent Ventures led the Series A in 2018.

## Companies like Bellwether Coffee

In the same sector, and raised in the last eighteen months.

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