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Vietnamese coffee startup Every Half receives funding from two venture capital firms


Vietnamese coffee startup Every Half receives funding from two venture capital firms

Vietnamese coffee startup Every Half Coffee Roasters (Every Half) has received an investment from Openspace Ventures and DSG Consumer Partners.

The amount of the investment was not disclosed.

Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half has eight stores in Ho Chi Minh City. Each Every Half location is strategically located in the city center and features minimalist design and sustainability-focused elements.

In addition, Nguyen Hai Ninh, who was successful as founder of The Coffee House chain before leaving the company after six years, sits on the board of Every Half.

The Coffee House is one of Vietnam’s most famous coffeehouse chains after Highlands. The company operates branches across the country and targets workers and students who need a place to study or meet. However, in recent months, the company has been shrinking its branch network and focusing on a delivery service model.

Openspace Ventures is a Southeast Asian venture capital fund that invests in technology companies in the consumer, healthcare, financial and software sectors. It also invested in Singapore-based fashion brand Love, Bonito.

DSG Consumer Partners is a consumer-focused venture capital fund headquartered in Singapore.

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