Flash Coffee receives $15 million
The start-up, founded by former Foodora manager David Brunier, is getting money from US investor White Star Capital, among others.
David Brunier once worked for the food delivery company Foodora. Then Oliver Samwer gave him money and Brunier founded his own start-up. With Flash Coffee, he sells coffee in shopping malls in Asia. Now the Rocket Internet-backed startup has received $15 million in a Series A funding round.
The round is led by US investor White Star Capital. They were joined by Delivery Heroe-backed VC DX Ventures, Global Founders Capital and Conny & Co. Flash Coffee plans to use the money to expand in the Asia-Pacific region.
Flash Coffee launched in January 2020 and now operates 50 locations in Singapore, Thailand and Indonesia. The majority of its stores are already profitable, according to the company. Currently, Flash Coffee is opening three new stores a week. It plans to pick up the pace and get to ten new store openings per week.
"Our dream is to have a Flash Coffee every 500 meters in all major Asian cities," says founder David Brunier. "The strong investor support for our Series A round allows us to capitalize on the untapped potential in the region and replicate our success in seven new markets this year. Hong Kong, Taiwan, South Korea, Japan, Malaysia, the Philippines and Vietnam."
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