Vietnamese coffee start-up raises $8mn in Series A funding

Series A funding is the first major investment round for a start-up after its initial seed funding. It helps the company grow by expanding its team, improving its product, and reaching more customers.

The entire Series A funding round for Every Half was backed by existing investors Openspace Capital and DSG Consumer Partners.

It marks the third time the two investment firms have invested in the start-up, following its Seed and Pre-Series A rounds.

According to the company, the new capital will be used to strengthen both the supply and demand sides of its business.

Every Half plans to accelerate the expansion of its store network in major cities across Vietnam while developing new sales channels through e-commerce platforms, modern retail chains, and international distribution of its packaged coffee products.

The company also plans to continue investing in coffee processing research, fermentation technology, roasting capabilities, and production capacity to further improve product quality and consistency.

Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half has grown into one of Vietnam's leading specialty coffee companies and one of Southeast Asia's largest specialty coffee brands.

The company currently operates 36 specialty coffee stores across Vietnam, up from 14 stores a year ago, representing 157-percent growth in its retail network.

The expansion is expected to nearly triple the company's revenue compared to the previous year.

In addition to its retail business, Every Half has begun expanding into the consumer packaged goods segment, aiming to bring high-quality Vietnamese coffee to international markets.

"We meet many coffee companies, but very few make us stop and truly pay attention the way Every Half does," said Sameer Mehta, managing director at DSG Consumer Partners.

"The founders have built a business that combines genuine aesthetic sensibility with exceptional operational discipline — a very rare combination. We believe Every Half is on its way to becoming one of the brands shaping Asia's specialty coffee industry."