Tuesday, September 13, 2016

Philz Coffee Brews Expansion Plans With $45M In Series C Funding

Philz Coffee, the Silicon Valley coffee chain, said Tuesday that it has rasied $45M in a Series C funding round, which included an investment from TPG Growth. As part of the funding, Jim COulter and Sanjay Banker, both of TPG, join the company's board. Philz coffee--led by CEO Jacob Jaber--started as a small chain in San Francisco, but in recent years has expanded now to nearly 40 stores in California, Washington D.C., and with a location planned in Boston.