Flash Coffee, a tech-driven coffee chain invested by Rocket Internet, has announced that it has successfully raised 15 million in Series A funding rounds. USD
White Star Capital is affiliated with a large capital group, namely, a subsidiary of Delivery Hero, DX Ventures, Global Foundation. Global Founders Capital and Conny & Co. co-invested in this Series A funding round, bringing Flash Coffee's total funding of 20 million. US Dollar The investment will be expanded to 10 markets in the Asia Pacific region.
Flash Coffee was founded by Chief Executive Officer David Brunier and Sebastian Hannecker, Chief Operating Officer and Chief Operating Officer. Chief Financial เกม slotxo Officer To serve premium coffee to reach the growing middle class in Asia, based on David's experience as foodpanda's CMO (foodpanda) and Sebastian. His previous work at Bain Consulting helped create Flash Coffee's agile new business model, "Grab & Go", which resulted in significant cost savings. And customers can pay at an affordable price
“We dream of seeing Flash Coffee in every 500 meters of major cities in Asia. The full support from investors in the Series A funding round has allowed us to capture new potentials. Of the regional market We also build on our success in seven new markets this year: Hong Kong, Taiwan, South Korea, Japan, Malaysia, the Philippines and Vietnam. And expand the technology base in Jakarta by increasing the team to 50 positions, supporting the technology development vision to make the customer experience better. It also proactively drives business growth. Along with a significant increase in operational efficiency, ”David said.
For Thailand, which is a market that can respond quickly to technology Flash Coffee's business was welcomed as well. This can be seen from the opening of 31 branches in various buildings in the central business district of Bangkok. Along with the Series A funding round that will help grow businesses in the region, this time will result in even more expansion of Flash Coffee in Thailand this year.
Mr. Pan Leenutaphong, Managing Director of Flash Coffee Thailand said, “Flash Coffee is very excited about the expansion of its business in Thailand. By funding a Series A, Flash will help. Coffee reaches customers in different areas. Of Bangkok has increased Besides our plans to rapidly increase the number of our shops in Thailand, Flash Coffee is also about to launch a new app in April. As well as preparing to find personnel with ability at the Triple A level to join us in order to help the company to achieve its goals in 2021 "
Eric Martino-Fortin, founder and venture capitalist of White Star Capital, said, “We are delighted to push Flash Coffee to bring new experiences to life. To millions more customers in Asia We believe that the brand's stance on adopting technology will be able to drive the delivery of high quality coffee beverages. With excellent service experience This in turn leads to meeting the demand for premium, affordable coffee in this fast growing Asian market. "
Brendon Blackker, DX Ventures venture capitalist, said: “DX Ventures is excited about being involved in supporting Flash Coffee in the Series A funding. Increasing their investment in this company as well, DX Ventures sees the business have great potential to attract loyal customers who enjoy premium coffee that comes with innovative innovations. We are ready to support Flash Coffee to grow quickly according to the next plan. "