Private Equity | Venture Capital

Flick Gocke Schaumburg advises Flash Coffee on series B financing round

15.05.2023 | Deals done

Flick Gocke Schaumburg has advised Flash Coffee, a tech-enabled coffee chain based in Singapore, on its Series B funding round led by White Star Capital, raising a total of USD 50 million. Delivery Hero/Delivery Hero Ventures and Mountain Partners/Conny & Co. were among those involved in the financing round. Flash Coffee’s other shareholders include Rocket Internet/GFC.

The new funds will be channelled towards accelerating the company’s goals including ensuring group-level profitability. This includes sustainably growing its footprint across the Asia Pacific region, additional investments in technology and product innovations as well as the further development of the sales performance of its existing portfolio.

Advisors: Flick Gocke Schaumburg

Mathias Bülow (project lead); associates: Justus Bode, Dr. Golo Meven (both private equity/venture capital)

Mathias Bülow’s team also advised Flash Coffee as part of its series A financing round in 2021.

Flash Coffee was founded in January 2020 by David Brunier and Sebastian Hannecker and now operates over 200 branches in Singapore, Indonesia, Thailand, Hong Kong and South Korea with 1,200 employees. Flash Coffee is backed by some of the most reputable global tech investors such as White Star Capital, Rocket Internet, Global Founders Capital, Conny & Co as well as strong strategic investors such as Delivery Hero and Geschwister Oetker Beteiligungen. <<<