Philz Coffee is just about the official beverage of Silicon Valley. Founder Phil Jaber tells Business Insider that his 30 unique blends fuel employees of Google, Apple, Facebook, Twitter, and LinkedIn through long coding sessions into the night.
The San Francisco-based coffee chain just raised $15 million in venture capital from Summit Partners and angel investors, including Yahoo's chairman, Maynard Webb, Facebook's chief technology officer, Mike Schroepfer, former Apple exec Ron Johnson, and rapper and investor Snoop Dogg, according to TechCrunch.
The company has 18 shops in the Bay Area and one outpost in Los Angeles. It plans to expand in 2015, possibly to New York, DC, Detroit, Austin, Denver, and San Diego, although Jaber's still scouting locations. "I'm like a German shepherd — I like to sniff a place out," he says.
We checked out Philz' original location on 24th Street in San Francisco's Mission District to see what we could expect.
San Francisco-based chain Philz Coffee is the darling of the tech industry.
Founder Phil Jaber tells Business Insider that Google, Twitter, Apple, and LinkedIn employees buy the beans wholesale for their offices. Facebook has a standalone location at its Menlo Park campus.
The company plans to expand nationwide, thanks to a $15 million Series B round led by Summit Partners, which has invested in Uber, Belkin, and Arista. It's not every day you hear about a coffee chain getting venture-capital money from a firm that usually backs tech.
Source: TechCrunch
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