Compound Foods brews up $4.5M to make coffee without beans
Maricel Saenz, founder and CEO of Compound Foods, is among the over 80% of Americans who love a cup of coffee daily. And she also loves the environment.
However, when the Costa Rican-born entrepreneur, now living in the Bay Area, saw how climate change was affecting coffee growers around the world — coffee is the fifth-most polluting crop in the value chain — she wanted to create a coffee product that tasted good, but was also sustainable.
“Temperatures are rising and combined with erratic rains are leading to lower crop yield,” Saenz told TechCrunch. “The same crop can’t grow in the same place anymore, or it will be a lower quality product. Farmers in Costa Rica are having to sell their land or go higher up the mountain. Experts predict that 50% of farmland will be unsuitable in the next couple of decades.”
