Clean Road has a easy enterprise: It sells espresso—typically in carts, normally in small shops. It launched its first location 17 months in the past, earlier than it started dotting Manhattan and Brooklyn with baristas.
Even a few years in the past, a quickly rising chain of no-frills, low-cost espresso retailers may need had bother discovering curiosity from tech buyers. However in at the moment’s booming marketplace for early-stage startups, the New York-based firm has obtained commitments for its third funding spherical in a yr. The $35 million funding comes simply three months after the still-fledgling firm obtained $25 million, stated Vinay Menda, Clean Road’s chief government.