Singapore’s Flash Coffee bags $50m in Series B funding round
The brand plans to further its expansion plan with these fresh funds.
Grab-and-go coffee chain Flash Coffee raised $50m in an extended Series B funding round led by existing investor, White Star Capital.
The funding round, which was launched last year, also saw the participation of existing investors Delivery Hero, Geschwister Oetker and Conny & Co.
According to Flash Coffee, it plans to use the fresh funds to fuel its expansion across Asia Pacific, with a particular focus on Singapore, Indonesia, Thailand, Hong Kong, and South Korea.
Flash Coffee said that it means to double down on its expansion in Indonesia as this is its most mature market.
"With 100% of our 92 stores in Indonesia being profitable, we have found a solid product market fit and are eager to expand our presence into additional cities in Indonesia to further drive sustainable growth," said Flash Coffee founder and CEO David Brunier.
Flash Coffee was launched in 2020 and currently has 200 across five markets in Asia Pacific.