GoJava secures $500K financing led by Crux Capital

CPE News (6/13/2018) – GoJava has raised $500,000 in new funding led by Crux Capital Corporation, a value-add real estate investor, developer and venture capital investor led by Peter Aghar.

GoJava was founded in 2015 with the mission of finding a recycling solution for the millions of coffee pods across North America that were going to landfill.

photo credit: GoJava

News Release

Toronto’s GoJava Raises Growth Capital to Modernize Office Services and Drive a Circular Economy

Toronto-based GoJava has raised over $500,000 in growth capital, with funding led by Crux Capital Corporation.

TORONTO, June 13, 2018 /CNW/ – Launched in 2015 to solve the waste problem created by single use coffee pods going to landfill in alarming quantities, GoJava provides sustainable coffee services to offices in Toronto and Ottawa. Initially launched as a webstore to sell a large variety of coffee pods and other products, GoJava provides next day delivery of products to customers’ premises while picking up used coffee pods for recycling. The company has since expanded to supply a wide selection of coffees, teas, and healthy snacks and to recycle other office supplies.

In the three years since its launch, GoJava has established itself as the number one sustainable provider of office services, offering office coffee, office snacks, water filtration, and specialty recycling in Toronto and Ottawa.

Eugene Ace, GoJava’s Co-Founder and President, says of their venture, “We are the logical and easy choice for implementing sustainable office services. We source and deliver sustainable products in a sustainable way, while making sure that all the products and materials we distribute can also be disposed of responsibly and kept out of landfill.”

Going one step further, GoJava also offers a free recycling program for its customers for items like coffee pods, paper coffee cups, snack packaging, electronics and batteries, toner, and office supplies, all of which are not accepted in the blue bin and typically end up in landfill. GoJava also makes all deliveries with a carbon-neutral fleet and plants one tree for every order that it receives.

To date GoJava has diverted more than one million coffee pods and 80,000 pounds of waste from landfill. The company currently has over 350 office customers across Toronto and Ottawa and intends to scale the Ontario market before further expansion into the rest of Canada.

“GoJava is an innovative and fast-growing company that is disrupting traditional office services. Crux Capital Corporation is excited to fund GoJava’s growth plans in Canada,” says Peter Aghar, President of Crux Capital Corporation. “As an active value-add real estate owner and venture capital investor, we see GoJava as a leader in the office service industry, modernizing how offices procure and receive products and services, and bringing a fresh and much needed circular economy approach. We are excited by the growth prospects of the business in Toronto and Ottawa, with tenants and landlords who care about their carbon footprint.”

SOURCE GoJava

For further information: Eugene Ace, Founder and President, GoJava, (647) 290-7436, eugene.ace@gojava.ca, www.gojava.ca; Peter Aghar, President, Crux Capital Corporation, (416) 930-1756, peteraghar@cruxcapital.ca, www.cruxcapital.ca