Coffee chain Flash Coffee has raised $50M in an extended Series B round led by existing investor White Star Capital.
Other existing investors in the funding round include Delivery Hero, Geschwister Oetker and Conny & Co. This Series B round includes the $32.8M raised in June 2022.
The funds will be used to accelerate profitability across the company, as well as fuel expansion across the Asia-Pacific. Flash Coffee aims to focus on technology and product innovation while improving sales performance of existing stores.
“Offering a product that people love and following our ongoing trajectory of topline and profitability improvements, we are confident that we will reach our overarching goal of being profitable on a group level next year,” said David Brunier, Founder and CEO of Flash Coffee.
