COFE App raises $3.2 million in pre-Series A funding
The Kuwait-based coffee marketplace plans to grow its customer base and expand abroad.
COFE App has secured $3.2 million in pre-Series A financing from a group of regional investors, including KISP Ventures, Towell Holding International, Takamul Capital and Dividend Gate Capital.
At the time of the February 2019 announcement, COFE connected coffee chains and independent roasters with customers ordering through its application. The company had launched its beta service a year earlier and planned to use the investment to reach more customers in Kuwait and other markets.
The financing supported an early stage of the business’s development, when its focus was the consumer coffee-ordering marketplace.
Use of funds
Grow coffee-ordering customer base
Expand beyond Kuwait