Tundra Angels, an angel investor group offered through the Startup Hub, powered by the Greater Green Bay Chamber, announces its first investment: in a business called Octane Coffee.
Octane Coffee is a robotic drive-thru that reimagines the drive-thru coffee experience. Customers use a mobile-app to place their drink order, GPS and Bluetooth to track the customer location on the way to the store, and robots facilitate and time the drink-making for pickup. Coffee, juice, tea and other items can be picked up in a predictable 30 seconds. The company aims to build out their first location and develop a turn-key solution to be scaled across the country.
“Activating local investors and capital is one of the primary drivers of a vibrant startup and innovation ecosystem,” said Matthew Kee, startup development manager and manager of Tundra Angels. “This first investment attests to the innovation and energy that exist in Greater Green Bay. We are excited about this investment and many more to come.”
Tundra Angels, which officially launched in July 2020, brings together accredited investors to invest in high growth, scalable startups. It is open to members from around the Greater Green Bay area and Northeast Wisconsin and is an outgrowth of the Greater Green Bay Economic Development Strategic Plan.
“As we continue to build a robust entrepreneurial ecosystem, one of the core facets is connecting startups to capital. This is a solid landmark moment for the development of our ecosystem.” said Kelly Armstrong, vice president of economic development for the Chamber.
Since its launch, Tundra Angels has assembled 13 local angel investors, and the group seeks to add more members.