Philz Coffee Gets $15M to Expand Nationwide

New Year Twins 07
Consumer Bob

Philz Coffee's "one cup at a time" ethos is going nationwide.

San Francisco Business Times reports that the San Francisco coffee company has closed a $15 million Series B round of funding thanks to angel investors like Snoop Dogg and Yahoo chairman Maynard Webb alongside firms Cowboy Ventures and Crunchfund.

That's in addition to about $15 million that was previously raised. Ten new locations are on the way in 2015, and while the specific spots have not been named, they're expected to branch out of California.

Philz started in 2003 in owner Phil Jaber's former grocery store on 24th and Folsom streets in San Francisco's Mission District, according to the company website. That space is still home to the original Philz location.

There are currently 19 locations in operation throughout the Bay Area and Los Angeles, with new outposts announced for Oakland, Redwood City and San Mateo. There is also a mobile PhilzTruck serving multiple stops in San Francisco and a new roasting facility is being built in Oakland.

The company has drawn a cult following over the past decade for hand brewing each cup of coffee to order — and for distinctive touches like adding fresh mint leaves to some of their custom blends to elevate their characteristics.

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