Result description
Greek start-up Coffeeco Upcycle, an EIT Jumpstarter 2020 alumni, secured €715,000 from international investors in an ongoing €1 million funding round. The company transforms spent coffee grounds into sustainable raw materials for the cosmetics, packaging, and design sectors, offering a practical solution to coffee waste through upcycling innovation. This funding marks a significant step toward scaling their production and expanding to new markets, while also validating the demand for circular economy solutions. Supported early on by the EIT Jumpstarter programme, Coffeeco Upcycle has evolved from a promising idea into a viable, investment-ready business. Their success highlights the impact of EIT Community support in empowering environmentally conscious start-ups across the RIS region.
Addressing target audiences and expressing needs
- Investor introductions
- Expanding to more markets /finding new customers
- Venture Capital
We are specifically focused on raising awareness of the EIT Jumpstarter across EU Member States and widening countries. This programme offers a unique opportunity for idea-holders and very early-stage start-ups to transform their innovative ideas into tangible ventures and scale globally.
- Public or private funding institutions
- Other Actors who can help us fulfil our market potential
- Private Investors
R&D, Technology and Innovation aspects
Coffeeco Upcycle is scaling fast after raising €715K and receiving EIT Jumpstarter and EIT Food support. With a team of five and €20K in annual revenue in 2023, their next steps include launching an e-commerce platform and introducing coffee-based bioplastics for cosmetics packaging, while expanding into the UK, France, Asia, and the US.
