Kaffe Bueno announced €1.1 million of funding in a round led by PINC from Finland, Vækstfonden, The Yield Lab, and a Danish business angel.

Kaffe Bueno, a Copenhagen, Denmark-based manufacturer of products out of coffee waste, announced a funding round of €1.1 million ($1.3M).

The money was raised from investors led by PINC, Paulig Group’s corporate venture capital unit. Other finance contributors include Danish Vaekstfonden, global Agfood venture capital firm The Yield Lab and a Danish business angel.  

Proceeds will be used to launch new food, nutraceutical, and cosmetic ingredients into the market throughout 2021 and 2022, as well as scale up production cover IPR costs for patents and grow the team.

Kaffe Bueno, founded in 2016 by Alejandro Franco, Juan Medina (CEO) and Camilo Fernandez (all from Columbia), is an ingredients company using green chemistry and biotechnology to upcycle coffee by-products into active and functional ingredients for cosmetics, nutraceuticals, and functional foods.

The company has a circular business model which yielded three products that are currently on the market: Kaffe Bueno Oil (a lipid used in personal care and food products); Kafflour (a gluten-free fibre- and protein-rich functional flour); and Kaffibre (an upcycled natural exfoliant for cosmetics).