ansā coffee Secures $9M in funding to Boost Market Penetration
40Seas, an Israeli fintech startup that offers a platform for cross-border trade financing, raised an additional $6 million, extending its Seed funding to $17 million in total. And Israeli coffee tech startup Ansā raised $9 million led by Jibe Ventures for its new countertop coffee roaster.
Money doesn’t make the world go round – coffee does. People don’t even know how much work goes into making that one cup of coffee. The most important part of the process could very well be the roasting of the beans.
ansā’s patent-pending roasting technology uses an innovative method based on dielectric heating to activate the beans by applying energy to roast to perfection from the core to the shell. The roasting process is governed by AI that replaces the human operator with a fully autonomous system that produces a homogenous and consistent roast. Every time. Thanks to this novel approach, roasting can take place on-demand, at the point of consumption, without the need for any infrastructure in place as there are no byproducts, such as ambient heat, noise, or smoke.
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The company also boasts that with its waste-free packaging, directly sourced beans, and “superb energy utilization,” the ansā coffee solution is minimizing the coffee carbon footprint.
Yuval Weisglass, co-founder and CEO of Ansā, says: “Our micro-roaster is ready-to-market. We are committed to broadening our coffee services geographically to meet the growing demand for sustainable coffee solutions and to bring our unique coffee concept to a wider audience.”
“Ansā is rewriting the coffee narrative by bringing aromatic fresh coffee ‘from shrub to cup’ sustainably,” claims Matan Scharf, co-founder and CMO at Ansā.
“The coffee landscape has long yearned for rejuvenation. Our mission is to provide consumers with an extraordinary coffee experience, allowing them to engage with green coffee beans while indulging in superior quality coffee at its freshest.”
Headquartered in Tel Aviv, with offices in New York City, Toronto and Shenzhen, 40Seas was co-founded by CEO Eyal Moldovan and COO Gil Shiff. 40Seas is a fintech platform for cross-border trade financing that is tailored to small and medium-sized enterprises (SMEs) engaged in global commerce. By leveraging data-driven technology, the company is able to offer flexible payment options that are primed to disrupt legacy trade-financing solutions, and make it faster, cheaper and easier for supply chain players – importers, exporters, freight forwarders and sourcing agencies – to access working capital.
40Seas, built in conjunction with Team8’s Fintech Foundry, said it emerged from stealth mode with a view to closing the $1.7 trillion global trade finance gap, providing a solution that enables digital B2B payment functionality while facilitating cross-border trade between SMEs.
40Seas co-Founder and CEO Eyal Moldovan said, “Team8 and ZIM have doubled down on their financial backing at a pronounced increase in valuation, which is a huge sign of confidence in our unique value proposition, especially given the current market conditions. We’ve also secured funding from two renowned investment groups in QED via their seed fund and Eminence Ventures, which will help tremendously with our US and Asian expansion. This round extension will provide us with a significant financial runway to execute a robust growth strategy in 2023 and beyond.”
