Flick Gocke Schaumburg advises Flash Coffee on Series A funding for further expansion
Flick Gocke Schaumburg has advised Flash Coffee, a tech-enabled coffee chain backed by Rocket Internet, on its US$15 million 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. The new funding will be used to expand the brand in seven more markets across APAC. After the expansion, Flash Coffee will be active in 10 markets.
Advisor Flash Coffee: Flick Gocke Schaumburg (Berlin)
Partners Mathias Bülow (Private Equity/Venture Capital), Dr. Christian Pitzal (Tax/Venture Capital, Hamburg) and Associate Justus Bode (Private Equity/Venture Capital)
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. Currently Flash Coffee is opening three new outlets per week, an already ambitious pace that will be tripled to 10 store launches per week in order to open 350 additional stores across the region by end of this year.