COFE App, the Kuwaiti startup that aspires to emerge the largest coffee marketplace in the region and beyond, has raised a seven-figure investment in a Series A round. However, the company refrained from disclosing the exact amount raised.
The rather successful round participated by several regional and international investors, including heavyweights in the realm of venture capital.
COFE App is optimistic that the new funds in its coffers will add more momentum to the company’s ongoing efforts to go global. On a closer look, it might be closer than ever to meeting that objective considering that the company has already upscaled its technology infrastructure and other resources to accommodate multiple markets.
“We have always worked with partners and investors who believe in our vision of creating a global COFE community. Over the last few months we have been working continuously on scaling up our tech to support our expansion strategy, and I am happy to say, with the Series A Funding Round successfully closed, COFE family is prepared to go international soon,” said Ali Al Ebrahim, Founder & CEO of COFE App.
He added: “I would also like to take this opportunity to thank everyone who has believed in our startup, especially our customers who through their continued trust push us to work harder every day.”
With a valuation of over $25 million, COFE App has been pioneering the digitization of the coffee marketplace in the region by offering a sophisticated mobile app that allows users to gain easy access to their daily caffeine dosage.