GoJava secures additional $1M seed funding led by Crux Capital

CPE Media News (3/4/2019) – GoJava has raised over $1.0 million in an oversubscribed second seed round led by Crux Capital and with participation from Active Impact Investments and others.

Toronto based 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.

In June 2018, GoJava announced the closing of $500,000 seed round led by Crux Capital, a value-add real estate investor, developer and venture capital investor led by Peter Aghar.

photo credit: GoJava

News Release

GoJava raises another $1.0M to deliver sustainability and modernity to Canadian workplaces

Toronto-based GoJava has raised over $1.0M in an oversubscribed second seed round with funding led by Crux Capital and participation from Active Impact Investments and others.

TORONTO, March 4, 2019 /CNW/ – Since launching in 2015, GoJava has been changing the way that traditional office services such as coffee, water filtration and snacks are provided. By focusing on sustainability as well as health and wellness, GoJava is helping offices become more hip, healthy, and green.

GoJava uses a circular economy approach to office services, delivering items like coffee and tea, while taking away and recycling hard-to-recycle materials like coffee pods, paper cups and organic waste. GoJava customers range in size from small offices to multi-location companies with more than 1000 employees.

Over the last year, GoJava has expanded its offerings to include fresh roasted coffee from Toronto’s and Ottawa’s best local roasters, as well as a large variety of healthy snacks, fruit and refreshments. The company’s mission is to be a one-stop-shop for workplaces looking for healthy, local and sustainable products.

GoJava has doubled its business in the last eight months and now counts more than 500 offices as customers. Eugene Ace, GoJava’s founder and CEO, says the reason for their growth is that “By providing modern, healthy, and sustainable offerings in office coffee and snacks, we’re helping leading workplaces to attract, retain and keep employees productive”.

With renewed commitment to their mission, this current round of funding allows GoJava to continue to scale the business in Toronto and Ottawa and prepare for new markets across Canada in 2020.

Drink Coffee. Eat Snacks. Save The Planet.

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

CPE Media News

Private Capital Journal, a service of CPE Media News, provides Canada's complete private capital (angel, venture capital, private equity, private/exempt), public financing, M&A, IPO/RTO news and intelligence.