AsiaNet 88818

SINGAPORE,April 7,2021/PRNewswire=KYODO JBN/--

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

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