Kuwait-based Cofe App has announced that it has secured $3.2m in their Pre-Series A funding
Kuwait-based Cofe App, a coffee-centric marketplace app, has announced that it has secured $3.2 million in their Pre-Series A funding.
The app said it attracted a multi-national cross-sector base of entrepreneurs and venture capital funds from the Middle East and Silicon Valley.
The round was led by KISP ventures, a fund established by KFH Capital (Kuwait) and Cedar Mundi (Lebanon), Towell Holding International (Oman), Takamul Capital and Dividend Gate Capital (Bahrain), Nizar AlNusif Sons Holding and Arab Investment Company (Kuwait).
Conceptualized in Kuwait and developed in Silicon Valley, Cofe App connects coffee house chains and independent coffee roasters with coffee lovers.
Cofe App was founded in the summer of 2017 by Ali Al Ebrahim and was beta launched in February 2018.
He said: “We are a group of coffee enthusiasts who - in the age of Tesla, Uber, and Airbnb - got frustrated with old-world ways of ordering coffee. So we set out to streamline the coffee ordering process.
"Needless to say, it's been a very exciting year for us at Cofe App, and as we make this announcement today, and welcome our new investors on board, we are more focused than ever on growing our customer base both in Kuwait and abroad."
The app enables customers to order and pay for their coffee, and choose from multiple delivery options, including fast delivery to their office or home, counter pick up, and car pick up service.