Canada-based holding company Tiny Capital has announced it will invest in manual coffee maker Aeropress Inc. to launch new coffee products
The Aeropress coffee maker has been widely adopted by specialty coffee shops and consumers alike and is now sold in more than 60 countries | Photo credit: Alex Chernenko via Unsplash
Aeropress Inc., creator of the Aeropress coffee maker, has received an undisclosed investment from Canadian holding company Tiny Capital.
The Aeropress coffee maker, which is widely used among specialty coffee shops globally, was created by inventor Alan Adler in 2005 and is now sold in over 60 countries. According to a press release, Adler will retain a minority stake and continue to be involved in the business going forward.
“The worldwide embrace of the AeroPress has been an inventor’s dream,” said Alan Adler, founder of AeroPress, Inc.
“This partnership with Andrew, Chris and the team at Tiny will help us create new coffee products. Our culture of quality and performance will remain at the heart of our pursuit to provide the most delicious coffee to coffee fans around the world,” added Adler.
The investment could be a savvy move for Tiny Capital, as the at-home coffee market continues boom amid following increased of home working and temporary coffee shop closures during the pandemic.
Founded in 2007 by Canadian entrepreneurs and investors Andrew Wilkinson and Chris Sparling, Tiny Capital has started, invested or acquired over 80 companies. Tiny owns a majority stake in businesses ranging from product designers to online job boards and now has over 500 global employees.