Indonesia’s Fore Coffee ups Series A total to $9.5m

Fore Coffee

Indonesia-based on-demand specialty coffee startup Fore Coffee has secured $1 million in additional funding to increase its Series A round total to $9.5 million.

The company had previously announced raising $8.5 million in Series A funding in January. The round was led by East Ventures. The startup was incubated by the early-stage Indonesian investor, which had also backed its seed round.

SMDV, Pavilion Capital, Agaeti Venture Capital, and several angel investors had also participated in the Series A round.

Fore Coffee allows customers to order coffee through a mobile app. They can then pick it up themselves at one of its outlets or get it delivered.

“Coffee is a necessity for so many people, but not everyone has the time to go to a coffee shop, wait in line, then wait for their order, and then return to their workplace,” said Fore Coffee co-founder and CEO Robin Boe.

The startup claims to have almost doubled its presence to 35 outlets across Jakarta from 19 in January. Fore Coffee targets to open 100 outlets in the second half of the year.

It has also partnered with mobile payment platform OVO and GOJEK to ease the payment system and delivery for customers.

“Data drives customization, which in turn drives new experiences designed for consumers. Coupled with Indonesia-optimized digital infrastructure, consumer product distribution and touch points can develop in a very robust environment,” said East Ventures managing partner Willson Cuaca.

Also Read:

Indonesia’s Fore Coffee raises $8.5m Series A from East Ventures, others

Indonesian coffee chain Kopi Kenangan snags $8m seed funding from Alpha JWC

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.