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.
Nestlé paid between $425m and $500m for the stake, and all Blue Bottle’s external investors appear to have exited through the deal, though the…
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