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18 September 2017

Big Deal: Nestlé bags Blue Bottle

The multinational's acquisition of a 68% stake in GV-backed coffee chain Blue Bottle, for up to $500m, shows upscale consumer brands are a decent bet for VCs.

Author: Robert Lavine, News Editor

When GV, the corporate venturing unit then known as Google Ventures, took part in upscale coffee brand Blue Bottle Coffee’s $20m series A round in 2012, it was seen by many as a vanity investment, but five years on, after the acquisition of a 68% stake by Nestlé, the deal looks a shrewd bet indeed.