Flash Coffee Heats Up Coffee Business Competition

By Editorial Team 20/06/2022
coffee business
Summary

Flash Coffee, a new retail startup operating in Jakarta and surrounding areas, has raised US$30 million in a Series B1 funding round. The Daily Social reported on June 17 that it jumped Flash Coffee's valuation to US$175 million.

According to several sources, Flash Coffee's new funding came from investors involved in the Series A scheme, namely DX Venture, Global Founders Capital, and Conny & Co. Flash Coffee also plans to raise funds in a Series B funding which will potentially propel the company to the Unicorn. Its management did not deny this information nor reveal the details. Previously, Flash Coffee founder David Brunier said he would expand to ten countries in the Asia Pacific by building 300 new outlets by 2022.

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