For each half coffee, we will secure the $3 million before the series. Funding for expansion
All Vietnam-based half coffee roasters have continued to support from Singaporean investment firms Openspace Ventures and DSG Consumer Partners, raising $3 million in the pre-series series funding round. Vietnam Investment Review.
The Vietnamese specialty coffee brand was founded in 2021 by CEO Vo Duy Phu and Chief Operating Officer Tran Le Minh Truc.
Following its early success, the brand has opened eight outlets in Ho Chi Minh City, serving beans from farms across Vietnam and around the world.
Tran Le Minh Truc and Vo Duy Phu are contributing to operations, the former managing coffee supply chain, roasting and staff training, while the latter leverages his local experience in retail chain development and large-scale operations.
Vo Duy Phu said: “We believe Vietnamese coffee deserves recognition for its true quality and the care behind it. This new funding will help us open more stores, improve our customer experience and continue our long-term partnership with farmers.”
There are 14 stores in Ho Chi Minh City, with all Coffee having modern store designs.
The company manages the entire coffeemaking process, from seed selection to in-store services, and works with local farmers and cooperatives to seek a stable supply.
It plans to pursue a 150% growth target in 2025, expand its store network and experiment with new formats in strategic locations in Ho Chi Minh City.
Half of them have also invested in sourcing, particularly Lam Dong and Boon Ma Tuot, and are working on fermentation research to improve their flavor profile.
In August 2024, OpenSpace Ventures and DSG Consumer Partners invested private amounts in the brand’s seed round.
“Funds for expansion are secured in previous series of $3 million per half coffee” was originally created and published Verdict Food Servicea brand owned by GlobalData.
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