|Description||Hand Roasted Coffee Delivery|
|Seed, 6/2012 ||$956k|
|Seed, 3/2013 |
|Partial Close, 10/2013 ||$1.29M|
Pact, previously YourGrind.com, sells fresh coffee that tastes better, everyday. Coffee is hand-roasted in London and shipped within 7 days. Both the bean and grind are matched to each customer’s brew method.
Founder Stephen Rapoport claims that by keeping a small selection of world-class coffees and shipping within seven days of roasting “we have been able to focus on removing friction from the first purchase (by matching bean selection and grind to brew method) and retention rates.”
Like Zappos, Pact is looking to create very strong bonds with their community. It joins a competitive marketplace in the subscription coffee business in the U.K., which includes more established subscription coffee players such as HasBean and Kopi.