3Temp raised $750k in angel investment for a commercial batch brewer maker.

Sweden Investments 25 June 2019
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3Temp, an Arvika, Sweden-based producer of a IoT platform and apps built around an innovative coffee machine, announced in a press release that it completed a SEK 7M ($750k) capital investment round.

The funding was supported by local angel investors from Sweden, including Per Cristoferson and Toni Nijm. The money will be used to build and grow the company on the international markets.

3Temp was re-launched in 2018 when Anders Eriksson and Peter Larsson bought through Plae2Tech AB the assets of their employer which went bankrupt at that time. The two founders acquired the Hipster commercial batch brewer product which is a feature that can become an easy upgrade for older machines thusly being capable of producing cold brew.

3Temp now manufactures an IoT platform based on a coffee machine called Hipsterbrewer (the Hipster machine) as well as a coffee particle analyzer named the CPA. The company is profitable at a turnover of about SEK 10M ($1.1M).