Vietnam-based Every Half Coffee Roasters has raised $3m in a pre-series A financing round, with continued backing from Singaporean investment companies Openspace Ventures and DSG Consumer Partners, as reported by Vietnam Investment Review.
The Vietnamese speciality coffee brand was established in 2021 by CEO Vo Duy Phu and chief operating officer (COO) Tran Le Minh Truc.
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Following early success, the brand has opened eight outlets in Ho Chi Minh City, offering beans from Vietnam and from farms worldwide.
Tran Le Minh Truc and Vo Duy Phu are instrumental in operations, with the former managing the coffee supply chain, roasting and staff training, while the latter leverages his local experience in retail chain development and large-scale operations.
Vo Duy Phu stated: “We believe Vietnamese coffee deserves to be recognised for its true quality and for the care behind it. This new funding will help us open more stores, improve the customer experience and continue building long-term partnerships with farmers.”
With 14 stores across Ho Chi Minh City, Every Half Coffee features a modern store design.
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By GlobalDataThe company manages the entire coffee-making process, from selection of seeds to in-store service, and collaboratively works with local farmers and cooperatives for a steady supply.
It plans to pursue a 150% growth target in 2025, broadening its store network and experimenting with new formats in strategic locations within Ho Chi Minh City.
Every Half is also investing in sourcing, particularly in Lam Dong and Buon Ma Thuot, and advancing its fermentation research to improve flavour profiles.
In August 2024, Openspace Ventures and DSG Consumer Partners invested an undisclosed amount in the brand’s seed round.
