OAKLAND, Calif., Sept. 22, 2017 /PRNewswire-USNewswire/ -- ICA Fund Good Jobs congratulates our legacy portfolio company, Blue Bottle Coffee, on the recent news that Nestlé has secured a controlling stake in the company for $500 million, showcasing the company's meteoric growth and $700 million valuation.
ICA Fund Good Jobs first partnered with Blue Bottle Coffee in 2008, working with the rapidly growing but still small company to articulate its growth trajectory, open its Oakland Headquarters on Webster Street, and help it select the right growth equity partner to fund its first growth stage investment. Over the years, the ICA Fund Good Jobs team worked directly with Founder James Freeman and key legacy employees like Katie Booser, as Blue Bottle grew its revenue and opened new locations on both coasts and even in Japan.
Blue Bottle eventually outgrew our advisory services, but ICA Fund Good Jobs is proud to count Blue Bottle Coffee as one of our legacy companies and commends the team on 15 years of success in the Bay Area, and the creation of 800 jobs on two continents.
"The Blue Bottle investment is testament to what we've known for over 20 years: the high growth companies we work with are not speculative. They're proven," said Sean Daniel Murphy, CEO of ICA Fund Good Jobs. "We look forward to supporting the next Bay Area small businesses that are poised for exponential growth like Blue Bottle."
About ICA Fund Good Jobs:
The mission of ICA Fund Good Jobs is to educate, accelerate and invest in high need, high growth small businesses that lack access to advisory resources and growth capital in order to create good jobs for those who need them the most. We believe that communities thrive when every person has access to a good job – one that pays a living wage, provides benefits and a supportive culture, and offers opportunities for employees to advance in their careers.
About Blue Bottle Coffee:
Blue Bottle Coffee Company is a coffee roaster and retailer headquartered in Oakland, California, and founded by James Freeman. The company focuses on single-origin coffees and has locations throughout California, in New York, and in Japan. Over the last 15 years, Blue Bottle Coffee has achieved iconic status amongst discerning coffee drinkers.
Contact: Sean D. Murphy
ICA Fund Good Jobs
SOURCE ICA Fund Good Jobs