OSAKA, JAPAN — Suntory Holdings Limited has invested in Atomo Coffee. Terms of the investment were not disclosed.
Atomo Coffee formulates molecular coffee derived from upcycled plant-based ingredients. The company uses upcycled ingredients like date seeds, ramon seeds, sunflower seed extract, fructose, pea protein, millet, lemon, guava, defatted fenugreek seeds, caffeine, and baking soda, to create the compounds found in traditional coffee.
“We feel that this partnership with the Suntory Group is a major milestone for Atomo Coffee,” said Andy Kleitsch, chief executive officer for Atomo Coffee. “In addition to gaining recognition for Atomo Coffee’s vision, we believe that our business of delivering sustainable and delicious beverages to customers around the world.
In June 2022, the company raised $40 million in a Series A round. The funding supported manufacturing scale and propelled the launch of new products.
The Suntory Group invested in Atomo Coffee because of its ethical and advanced initiatives in the field of beverages, Suntory said. It is Suntory Group’s second investment in a startup company overseas.
“With this capital participation, we will support the creation and development of new consumption value in the indulgent beverages developed by Atomo Coffee,” said Mikio Aoki, director of the future business development department at Suntory Holdings Ltd. “The future business development department will continue to promote collaboration with startup companies to solve various social issues.”