– KUWAIT, Kuwait city – COFE App, the coffee-centric marketplace app, today announced that it successfully raised seven figures Series A funding without disclosing the exact amount of the investment, after receiving a valuation of USD 25 million by top private sector firms.
COFE App’s series A funding round has added a stellar consortium of regional and international strategic investors to the brand’s illustrious list of partners. The funds secured during this round will support COFE App’s worldwide expansion plans, as well as put greater emphasis on their tech innovation strategy.
Given that the COFE App has already up-scaled its tech capacity to accommodate multiple markets, Series A funding has put the brand on a definitive path to global expansion. The new investment round has enabled COFE App to capitalize on its position as a leader in the coffee marketplace, helping the company take its integration of everything coffee related to an even greater number of users. COFE App is now ready to serve coffee communities around the world.
Ali Al Ebrahim, Founder & CEO of COFE App said, “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. 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.”
COFE App brings together tradition and technology. In a region where coffee is more than just a beverage, COFE is at the very heart of its conversations. As a lifestyle app, COFE calls for innovation in how people access this much-loved beverage. Created by a team of COFE fueled tech engineers from around the world, COFE App offers its consumers an immersive user experience. An app that makes the COFE ordering easy, efficient and engaging.
Since its inception, COFE App has been striving to digitize the coffee marketplace industry while simultaneously building on its tech innovations to give customers a state-of-the-art mobile application that brings all their favorite COFE Shops; international franchises as well as artisanal COFE Shops; onto one intelligent platform. Product innovation has always been a key area of focus for the brand, allowing COFE Shops to expand their business offerings and services by taking their products online. The tech breakthroughs made the app also focus on developing a unique app, with smart UI that gives app users easy access to their daily caffeine, gain rewards and receive various benefits.
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