Every Half Coffee Roasters has successfully acquired new funding from prominent Singaporean investment firms. This capital infusion will be allocated towards enhancing the company’s supply chain, collaborating with farmers to cultivate climate-resilient coffee varieties, and expanding its retail presence.
The company is committed to sustainable development through partnerships with farmers in Vietnam. They are focusing on growing climate-resilient coffee varieties such as Starmaya, Marsellesa, and Centroamericano in Dien Bien province, as well as Liberica in Pleiku (Gia Lai province) and Dak Lak in the Central Highlands.
With the recent investment, Every Half is now positioned to broaden its retail operations and support local coffee farmers in developing robust coffee varieties adapted to changing climatic conditions.
Vo Duy Phu, co-founder and CEO of Every Half Coffee, expressed enthusiasm about the new partnership, stating, “We are thrilled to gain the backing of these investors, who bring substantial expertise in the coffee and consumer sectors. This collaboration will enable us to deepen our farmer relationships, expand our retail network, and enhance the quality of our coffee offerings.”
Dennis Le, Vice President at Openspace Ventures, noted, “As climate change impacts the availability of Arabica beans, Every Half’s initiative to introduce Vietnamese robusta and other sustainable coffee varieties to the global market is both timely and significant. We are eager to support Every Half’s mission to elevate Vietnamese coffee’s global profile, enhance their supply chain, and foster sustainable growth.”
Global consumption of specialty coffee has surged recently, with the market projected to reach $52 billion by 2030. Despite this growth, premium Vietnamese coffee remains relatively underrepresented in the global market.
Openspace Ventures, a leading tech-focused venture capital firm with a presence across Southeast Asia, manages over $800 million from international investors. Its notable investments include GoTo, Love Bonito, Pickup Coffee, and Jiwa Group. In Vietnam, Openspace Ventures has also invested in Finhay and Nano Vui App.
DSG Consumer Partners, another Singapore-based venture capital firm, focuses on consumer sectors and oversees more than $300 million in assets. Its investment portfolio spans over 80 companies across Southeast Asia and India, with notable investments in Saturdays, SaladStop, and Pickup Coffee. In Vietnam, DSG has supported ventures like Coolmate and Marathon Education.