Code Time | Coffee Machine Brand xBloom Parent Company "TBDx Inc" Announces Completion of Two Rounds Totaling $15 Million in Funding, Source Code Capital Leads Seed Round and Continues Investment

源码资本·September 16, 2022·1·8

Redefining the at-home coffee experience through technology.

#MaKe Key Updates from Source Code Capital and MaHui Members

TBDx Inc, parent company of coffee machine brand xBloom, recently announced two rounds totaling $15 million in funding. Source Code Capital led the seed round; Shunwei Capital led the Pre-A round, with Professor Bingqiang Gao and Dr. Yu Hu participating, and Source Code Capital making an additional pro-rata investment. The funding will be used for market expansion and upgrading and innovating its R&D center.

Founded in 2021 and headquartered in California, United States, TBDx Inc's brand xBloom is the world's first fully automatic grind-and-brew pour-over capsule coffee machine, dedicated to redefining the at-home coffee experience through technology.

xBloom's fully automatic grind-and-brew pour-over capsule coffee machine features multiple world-leading and original proprietary technologies, including a grinder with 20 automatic grind-size settings, each adjustable in increments of 18.75 microns, achieving high uniformity and low fines; brewing can be divided into 10 stages, with precise control over water flow speed, direction, and temperature at each stage; and the world's first 100% biodegradable coffee capsules made from sugarcane fiber, protecting the planet through material innovation. At the same time, xBloom aims to empower specialty coffee chains such as ONYX, VERVE, and SIGHTGLASS to co-create diverse capsule products, developing customized brewing methods for each coffee capsule to faithfully recreate each brand's unique, authentic flavors in consumers' homes. Users can enjoy one-touch intelligent operation or connect the machine to the cloud via app to complete refined personalized settings, enjoying a supreme experience with every cup.

In 2022, xBloom established its first filling center in the US Bay Area, building its own fully automated capsule filling production line. xBloom's first product will launch on the crowdfunding platform Kickstarter at the end of September.

TBDx Inc Founder and CEO Qiliang Xu holds a PhD from UC Berkeley and has eight years of senior product design experience at Apple, where he designed and led projects including Apple Pencil and Trackpad. Co-founder and CPO Rui Zhou holds a PhD from Northwestern University and has ten years of senior product design and R&D management experience at Apple.

Dr. Qiliang Xu and Dr. Rui Zhou stated: "TBDx Inc hopes to combine technological breakthroughs, innovative business models, sophisticated aesthetic design, and environmentally friendly product philosophy to bring beautiful experiences to more consumers. The xBloom grind-and-brew pour-over coffee machine breaks through traditional patent monopolies, with multi-stage personalized adjustable product parameters that can fully unlock the original flavors of coffee beans, allowing consumers to experience world-class pour-over quality at home. We look forward to xBloom leading a comprehensive upgrade of the entire at-home coffee experience."

Xiang Tong of Source Code Capital said: "Coffee is a historically strong category where consumers increasingly demand both taste and convenience. In the home coffee machine space, technological advances can significantly improve the user experience. The TBDx Inc team are seasoned coffee enthusiasts and rare consumer electronics product managers. Their redesign of the capsule coffee machine not only enables home coffee quality to reach specialty coffee shop standards, but also combines good design with intelligence to make the product a daily companion in consumers' homes."