Vietnam coffee chain Every Half announces $8 million Series A investment
Key Points
- Every Half raised an $8 million Series A fund from Openspace Capital and DSG Consumer Partners.
- The company plans to expand across Vietnam and grow its packaged coffee and e-commerce business.
- The brand currently has 36 branches in four cities and expects to triple its revenue in 2024.
- Established in 2021, the company aims to turn Vietnamese coffee into a pioneering global brand.
By the Numbers
Vietnam-based coffee chain Every Half has secured an $8 million Series A investment fund from existing investors Openspace Capital and DSG Consumer Partners. The company will use this new financing to expand its branch network across Vietnam, invest further in its vertically integrated supply chain, and scale its packaged coffee business unit.
Every Half envisions a scope beyond cafes; it also invests in various areas such as coffee farming, e-commerce, B2B distribution, and proprietary fermentation technologies. The brand, which operates 36 branches in Ho Chi Minh City, Hanoi, Danang, and Hoi An, is reportedly expecting to nearly triple its revenue this year.
Founded in 2021, the company aims to transform Vietnam-origin specialty coffee into a global brand with an end-to-end business model spanning from coffee sourcing to retail. Selling roasted coffee beans, the brand also exports its products to markets such as Singapore, Thailand, and Taiwan.
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Frequently Asked Questions
- How much did Every Half raise in this new funding round?
- Every Half secured $8 million in its Series A funding round led by Openspace Capital and DSG Consumer Partners.
- In which areas and activities will Every Half invest to grow?
- The company plans to grow by investing in supply chain, packaged coffee products, coffee farming, e-commerce, and fermentation technologies, in addition to opening new cafes in Vietnam.
- What is Every Half's current number of stores and which countries does it export to?
- The company has a total of 36 branches in Ho Chi Minh City, Hanoi, Danang, and Hoi An. It also exports its products to Singapore, Thailand, and Taiwan.
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