Investors pour $45 mln into Philz Coffee

Philz Coffee announced in a blog post on Medium that is has closed its Series C round of funding with $45 million in commitments. The round included an investment by TPG Growth, the San Francisco-based coffee chain said. As part of the funding round, Jim Coulter, co-founder and co-chief executive of TPG, and Sanjay Banker, a partner with TPG Growth, have joined the board. Philz has now raised about $75 million in total funding from TPG Growth, Summit Partners, Cowboy Ventures and others.

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