The value of the investment was not disclosed. Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half has grown from a coffee roaster to a cafe chain with eight branches in Ho Chi Minh City.

The new funds will be used to improve the supply chain, develop climate-resilient coffee varieties together with farmers and open new retail stores.

Every Half aims for sustainable development by working with farmers to grow and develop climate-resilient coffee varieties such as Starmaya, Marsellesa and Centroamericano in the northern Dien Bien province, and Liberica in Pleiku city (Gia Lai province) and Dak Lak province in the central highlands.

With the new investment, Every Half now has the resources needed to expand its retail presence and help Vietnamese coffee farmers develop climate-resilient coffee varieties.

Vo Duy Phu, co-founder and CEO of Every Half Coffee, said: “We are excited to have the support of these investors, both of whom have extensive experience in building coffee and consumer brands. With their partnership, we have the resources to deepen our collaboration with affiliated farmers, expand our retail chain and improve the quality of coffee for our customers.”

Dennis Le, Vice President at Openspace Ventures, said: “In a world where climate change is driving a shortage of Arabica beans, the opportunity for Every Half to add Vietnamese Robusta and other sustainable coffees to the global supply is tremendous and timely. We are excited to support Every Half’s vision to elevate the status of Vietnamese coffee. This partnership will help improve their supply chain and drive sustainable growth.”

Specialty coffee consumption has increased dramatically around the world in recent years, and although the total market is expected to reach $52 billion by 2030, relatively few people have had the opportunity to try premium Vietnamese coffee.

Openspace is a leading technology-focused venture capital firm with offices across Southeast Asia. The fund manages over $800 million from global institutional investors and has extensive experience in the regional consumer and coffee sectors. Its portfolio includes GoTo, Love Bonito, Pickup Coffee and Jiwa Group. In Vietnam, Openspace has invested in Finhay and the Nano Vui app.

DSG Consumer Partners is a consumer-focused venture capital fund based in Singapore with over $300 million under management and a portfolio of over 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.

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