Philz Coffee Raises $45 Million

 

Philz Coffee at Facebook headquarters in Mountain View.

Philz Coffee at Facebook headquarters in Mountain View.

SAN FRANCISCO — Philz Coffee announced it has raised $45 million led by TPG Growth.

The company has nearly 40 stores including San Francisco and Silicon Valley and even a location at Facebook headquarters in Menlo Park. There are also Philz stores in Washington DC and will soon be arriving in Boston.

Philz focuses on making the best drip coffee and building a strong community around its coffee.

Philz plans to use the new money to continue expansion plans around the country according to a post on Medium by CEO Jacob Jaber. His father Phil Jaber founded the coffee chain.