Belfast Telegraph

Coffee chief backs Bono's social fund

by john reynolds

Coffee shop multi-millionaire Bryan Meehan has emerged as a backer of the $2bn (£1.8bn) Rise social impact investment fund.

It was founded by U2 frontman Bono last year alongside Canadian eBay billionaire Jeff Skoll and US private equity mogul Bill McGlashan.

Speaking to the Sunday Independent, Dubliner Meehan confirmed he had invested an undisclosed sum in the fund.

He added that he was a big admirer of Bono and also former US presidential candidate Al Gore for having founded investment funds that aim to help solve the world's biggest social and environmental problems.

The serial entrepreneur, who remains chief executive of coffee shop chain Blue Bottle Coffee, is no stranger to impact investing.

Earlier this year he backed Wefarm, which is a text messaging and online network for farmers in east Africa to share information.

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.