Philz Coffee

Philz Coffee is an American coffee company and coffeehouse chain based in San Francisco, California, which helped popularize third wave coffee.[1] Philz Coffee focuses on making pour over coffee. Philz Coffee has 69 locations spread throughout the San Francisco Bay Area, greater Los Angeles, San Diego, Sacramento, Washington, D.C., Virginia, and most recently in Chicago. Philz was founded by Phil Jaber and his son Jacob, both of whom are located in San Francisco area.

Philz Coffee
IndustryCoffee shop
Founded2003
FoundersPhil Jaber and Jacob Jaber
Headquarters
San Francisco
Number of locations
69
Area served
United States
Key people
Phil Jaber, founder
Jacob Jaber, Co-Founder & Chairman
Mahesh Sadarangani, CEO
ProductsCoffee, tea, mint mojito, hot chocolate, pastries
Websitewww.philzcoffee.com

In addition to its extensive line of coffee and drinks, Philz also sells a line of merchandise and bagged coffee blends for purchase online.[2]

History

Phil Jaber, born in Palestine,[3] and his son Jacob founded Philz Coffee in 2003. Phil operated a corner grocery in San Francisco's Mission District for over 25 years and had strong ties to the community.[4] In 2005, Phil's son, Jacob Jaber, took over operation and became the company's CEO, taking the lead on expansion and building the company's internal structure. [5]

Philz Coffee secured a round of funding in 2013 by Summit Partners[6] and a few private investors to expand into new markets, leading to the first Philz Coffee outside the Bay Area in Santa Monica California.[7] In February 2015 they secured a $15M Series B round in order to help them expand worldwide.[8] In September 2016, they closed a $45M Series C round from San Francisco-based private equity firm TPG Growth to continue the expansion.[9]

In August 2023, the company announced that it would not be renewing the lease on its original store on 24th Street in the Mission District of San Francisco,[10] and the cafe closed permanently in October 2023.[11][12][13] The building itself is owned by an LLC managed by Phil Jaber's son, Jacob Jaber.[14]

See also

References
  1. "Peet's rides coffee's 'third wave' with stake in Intelligentsia". Reuters. October 30, 2015. Retrieved October 31, 2015.
  2. "Online Coffee Store - Darker, Medium, Lighter Blends | Philz Coffee". www.philzcoffee.com. Retrieved August 1, 2019.
  3. Hong, Courtney (February 28, 2014). "Phil Jaber: The man behind Philz Coffee". SAVOR GOOD. Retrieved December 13, 2021.
  4. Mac, Ryan (April 19, 2016). "Philz Coffee: Silicon Valley's Cup Of Choice". Forbes. Retrieved October 14, 2016.
  5. "Phil'z grows fast with 'slow' coffee". San Francisco Business Times. April 22, 2011. Retrieved September 25, 2014.
  6. "Philz Coffee Raises Eight-Figure Round From Summit, Angels, As Specialty Coffee Market Heats Up". TechCrunch. May 1, 2013. Retrieved September 25, 2014.
  7. "Philz opens new location in Santa Monica". San Francisco Business Times. March 10, 2014. Retrieved January 2, 2020.
  8. "Silicon Valley Favorite Philz Coffee Gulps Up $15 Million To Expand Nationwide". TechCrunch. February 18, 2015. Retrieved February 18, 2015.
  9. "San Francisco's Philz Coffee ready to take on Boston with $45 million funding jolt". San Francisco Business Times. September 15, 2016. Retrieved December 12, 2021.
  10. "Original Philz Coffee on 24th Street is closing". Mission Local. August 2, 2023. Retrieved August 2, 2023.
  11. "Philz Coffee closes original San Francisco location in Mission". Fox KTVU. October 16, 2023.
  12. Tran, Will (October 16, 2023). "Philz Coffee closing original location in SF's Mission District". KRON4.
  13. Redell, Bob (October 16, 2023). "Original Philz Coffee location in San Francisco closing its doors". NBC Bay Area.
  14. "Philz founder's son owns building where cafe won't renew lease". Mission Local. August 4, 2023. Retrieved August 4, 2023.
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