The Green Coffee Company (GCC), a Legacy Group portfolio company based in Colombia, reported that it has closed its initial $9.6 million Series B funding round and now has over 180 individual investors in the business.

GCC has also announced that they have contracted to purchase 2,340 additional acres of coffee land adjacent to their existing farms, which nearly doubles their existing landholdings. This acquisition positions them to become the #2 largest coffee producer in all of Colombia as they finish planting additional coffee trees at their farms, which process is already substantially underway.

The Company has decided to upsize the Series B funding round by an additional $3.5 million to accelerate its growth plans to become the #1 producer of coffee in the country to complete the acquisition.

With this acquisition and the development of the acquired land, the Green Coffee Company can become the #1 largest coffee producer in Colombia with their 4,700 acres of available farmland prior to the projected 2025 sale or IPO without the need for any further acquisitions.

GCC has decided to extend the Series B funding round due to the growing investors’interest by giving all investors a chance to invest at the $700 per share price that was just offered in the Series B funding round.