Coffee chain Flash Coffee raises $20.07m in Series A funding

The company plans to launch 300 outlets across Asia Pacific.

Singapore-based coffee chain Flash Coffee has raised $20.07m (US$15m) in a Series A funding round led by White Star Capital, with participation from Delivery Hero-backed DX Ventures, Global Founders Capital, and Conny & Co.

The startup plans to use the new funding to launch 300 outlets across 10 markets in Asia Pacific.

Launched in January 2020, Flash Coffee is a Rocket Internet backed coffee chain that operates in 50 locations across Singapore, Thailand and Indonesia.

The startup is currently opening three new outlets per week. It then plans to launch 10 stores per week in order to open 300 additional stores across the region by the end of 2021.
 

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Penilaianmu: MagBe