Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, April 07 2021 - 13:04
AsiaNet
Singapore-based Flash Coffee Raises US$15m Series A Funding to Fuel Asia Expansion and Launch 300 New Outlets
SINGAPORE,April 7,2021/PRNewswire-AsiaNet/--

Flash Coffee, a tech-enabled coffee chain backed by Rocket Internet announced 
that it has raised US$15 million in Series A funding in a round led by White 
Star Capital, with participation from prominent investors including Delivery 
Hero-backed DX Ventures, Global Founders Capital, and Conny & Co. The Series A 
round sets the total capital raised by Flash Coffee to US$20 million. 

Flash Coffee launched in January 2020, and now operates 50 locations across 
Singapore, Thailand, and Indonesia. Flash Coffee has enjoyed strong traction in 
its markets despite the pandemic; with the majority of its stores already 
achieving profitability and demonstrating the success of its business model. 

CEO David Brunier and COO & CFO Sebastian Hannecker co-founded the company to 
make premium coffee accessible to Asia's rising middle class. Flash Coffee's 
disruptive grab-and-go business model allows for significant cost savings to be 
passed on to customers.

"Our dream is to have a Flash Coffee every 500 metres in all major Asian 
cities," says Brunier. "Strong investor support for our Series A round enables 
us to harness untapped potential in the region and replicate our success in 
seven new markets this year: Hong Kong, Taiwan, South Korea, Japan, Malaysia, 
the Philippines, and Vietnam. We will also build a regional HQ in Singapore and 
expand our regional tech hub in Jakarta to 50 people to support our vision of 
fully leveraging technology to improve customer experience, proactively drive 
growth and significantly increase operational efficiency."

The company aims to digitise today's offline-dominated coffee industry with a 
newly launched consumer app that boasts a streamlined pick-up feature, 
sophisticated loyalty programme, personalised promotions and interactive 
challenges. Its dedicated barista app improves the operational efficiency of 
its stores and enables performance-based incentives for its baristas, ensuring 
an unparalleled customer experience.

About Flash Coffee

Flash Coffee(https://flash-coffee.com/) is a Singapore-based tech-enabled 
coffee chain that serves an award-winning menu of high-quality drinks at 
affordable prices. Customers can use the Flash Coffee app to order and pay 
online, choosing to pick up orders from one of the brand's iconic yellow 
storefronts, or order for delivery through major platforms in each market. 
World Latte Art Champion Arnon Thitiprasert curated its unique menu of drinks 
prepared with premium ingredients and 100% Arabica coffee beans. 

High resolution images downloadable 
here(https://www.dropbox.com/sh/ltmt1v9d7yyysl6/AACt0M_aZna39IlZPtAzpD1ha?dl=0).
 Credited to Flash Coffee. 

SOURCE Flash Coffee

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=388186

   Caption: Image credit: Flash Coffee

Attachments
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