Philz Coffee is an American specialty coffee company and coffeehouse chain headquartered in Oakland, California. Founded in 2003 by Phil Jaber and his son Jacob in San Francisco's Mission District, Philz is known for its custom-blended pour-over coffee and its role in popularizing third-wave coffee. The company operates roughly 75 locations across California, Chicago, and other markets. In August 2025, Philz was acquired by private equity firm Freeman Spogli & Co. in a transaction reported at approximately $145 million.
Philz Coffee has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2003
Employees
1,000–1,500
Total Funding
$75M
5 rounds
Total raised $75M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
2023
Amount
—
Valuation
—
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| 2023 | Series D | — | — | |
| 2020 | Late Stage VC | — | — | |
| September 2016 | Series C | $45M | — | TPG Growth |
Mahesh Sadarangani
Chief Executive Officer
Phil Jaber
Co-Founder
Jacob Jaber
Co-Founder (former CEO)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Blue Bottle Coffee
Oakland-founded specialty coffee chain known for small-batch roasted beans and minimalist cafes; majority-owned by Nestle.
Stumptown Coffee Roasters
Portland-based third-wave coffee roaster and cafe chain emphasizing direct-trade sourcing.
Peet's Coffee & Tea
Long-established premium coffee chain with hundreds of US locations; subsidiary of JDE Peet's.
Starbucks
Global coffeehouse giant and largest specialty coffee retailer in the world.
La Colombe Coffee Roasters
Philadelphia-based specialty coffee roaster and cafe chain known for draft lattes; acquired by Chobani in 2023.
Intelligentsia Coffee
Chicago-based specialty coffee roaster and cafe chain considered a third-wave pioneer.
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