The CEO of Pact Coffee has stepped aside
Stephen Rapoport, the founder of London coffee startup Pact Coffee has stepped aside as CEO, TechCrunch reports.
He will be replaced by managing director Paul Turton but remain on as a “very active” chairman, according to the report.
Rapoport founded Pact Coffee in 2012 and the company has been backed with over £5 million from investors like MMC Ventures and Robin Klein.
Pact Coffee tried and failed to raise £1 million through a crowdfunding campaign on Crowdcube last March and cut 16 jobs as a result. When it announced the crowdfunding campaign, it said it …read more
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