The Ho Chi Minh City-based specialty coffee roaster and café chain will use new funding from Openspace Ventures and DSG Consumer Partners to improve its supply chain, work with farmers to develop climate-resilient coffee varieties and open new retail stores
Every Half’s Pasteur branch in Ho Chi Minh City (pictured) opened on August 12, 2024 | Photo credit: Every Half Coffee Roasters
Vietnamese specialty coffee roaster and café chain Every Half Coffee Roasters has received new investments from Singaporean investment firms Openspace Ventures and DSG Consumer Partners.
Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half currently operates eight stores in Ho Chi Minh City.
While the value of the investment was not disclosed, Duy Phu said Every Half now has the resources needed to expand its retail presence and support Vietnamese coffee farmers in developing climate-resilient coffee varieties such as Starmaya and Centroamericano.
“We are pleased 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 means to increase our collaboration with associated farmers, expand our retail chain and improve the quality of coffee for our customers,” he said.
Dennis Le, vice president of Openspace, said the opportunity for Every Half to bring Vietnamese Robusta and other sustainable coffees into the global supply chain was “tremendous and timely” given the global shortage of Arabica coffee.
“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,” he said.
Openspace’s investments include Indonesia’s Jiwa Group and Philippine coffee chain Pickup Coffee, while DSG Consumer Partners has previously invested in Pickup Coffee, Indian tea chain Chai Point and packaged coffee brand Sleepy Owl.
Every Half is also supported by Phoenix Holdings, a family investment office in Vietnam.