Every Half, a Vietnamese coffee startup, has announced it has received a funding round led by Openspace Ventures and with participation from DSG Consumer Partners. The value of the deal was not disclosed and is subject to agreement between the two parties.
Founded in 2021, Every Half started as a roastery and has grown into a retail coffee chain in Ho Chi Minh City. Currently, Every Half has 8 branches. Each coffee shop has its own unique style based on its location and offers a selection of specialty coffee beans sourced from Vietnamese and international farms.
Every Half's founding team includes Tran Le Minh Truc and Vo Duy Phu. Minh Truc is responsible for developing the coffee supply chain, roasting, and training. Duy Phu brings experience in retail chain development and large-scale company operations.
Every Half is also known as a coffee chain that pursues sustainable values by collaborating with farmers to cultivate and develop coffee varieties that are adaptable to climate change, such as Starmaya, Marsellesa, and Centroamericano H1 in Dien Bien; Liberica in Pleiku and Dak Lak ; and Fine Robusta.
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| Every Half started as a roastery and has grown into a chain of retail coffee shops in Ho Chi Minh City. |
Dennis Le, Investment Director of Openspace, stated that, in the context of climate change causing a global shortage of Arabica coffee beans, the opportunity for Every Half to bring Vietnamese Robusta and other sustainable coffee varieties into the global supply chain is immense and timely.
“We are delighted to support Every Half’s vision of elevating the status of Vietnamese coffee. This partnership will help improve their supply chain and drive sustainable growth,” he said.
Mr. Vo Duy Phu, Co-founder and CEO of Every Half, expressed his delight at receiving support from investors with extensive experience in building coffee and consumer brands. This collaboration provides Every Half with additional resources to strengthen partnerships with affiliated farmers, expand its retail chain, and improve the quality of coffee for its customers.
Openspace Ventures is known as a highly experienced venture capital fund in Southeast Asia, currently managing over $800 million from reputable institutional investors. The fund focuses on pioneering technology companies in the consumer, healthcare, finance, and software sectors. Notable projects include Gojek, Kredivo, Love Bonito, and Halodoc. In Vietnam, Openspace has invested in Finhay and Nano Vui App.
DSG Consumer Partners is a Singapore-based venture capital fund focused on the consumer sector, managing over $300 million in a portfolio of more than 80 companies across Southeast Asia and India. Notable investments include Saturdays, SaladStop, and Pickup Coffee. In Vietnam, DSG Consumer Partners has invested in Coolmate and Marathon Education.
Source: https://baodautu.vn/every-half-nhan-von-gop-tu-openspace-ventures-va-dsg-consumer-partners-d222717.html
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