Every Halfs $8M Series A Brews Excitement for Vietnamese Coffee Sector Expansion
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Every Half, a Vietnamese coffee chain, recently raised $8 million in a Series A funding round with participation from current investors Openspace Capital and DSG Consumer Partners. This funding will be utilized to fuel the company’s expansion across Vietnam, enhance its vertically integrated supply chain, and extend its packaged coffee business.
Diversifying Operations and Expanding Reach
Simultaneously, the company is diversifying its portfolio beyond traditional coffee shops. It is investing in coffee farming, proprietary fermentation technologies, e-commerce, and business-to-business distribution. Currently, 36 stores are operating under the Every Half umbrella in various Vietnamese cities such as Ho Chi Minh City, Hanoi, Danang, and Hoi An. The company is predicted to nearly triple its revenue this year. In addition to its in-store offerings, Every Half has broadened its consumer product selection, selling roasted coffee beans and brewing tools online and exporting to countries like Singapore, Thailand, and Taiwan.
The recent funding round builds upon prior investments made by Openspace and DSG Consumer Partners, following an undisclosed seed round in 2024 and a pre-Series A financing round worth $3 million last year.
Every Half was established in 2021 by ex-executives of The Coffee House, Vo Duy Phu and Tran Le Minh Truc. The company aims to promote Vietnamese specialty coffee globally through a business model that covers sourcing, processing, roasting, and retailing.
Transforming Vietnamese Coffee Industry
When Openspace invested in Every Half in 2024, it praised the company’s vision of transforming Vietnamese coffee from a simple exported commodity into a globally recognized premium brand. The investment firm also praised the founders’ expertise in coffee sourcing, product development, and retailing. DSG Consumer Partners shared a similar sentiment, highlighting the company’s focus on specialty coffee, sustainable sourcing, and brand building as primary drivers of its long-term growth.
Questions & Answers
What will the recently secured funds be used for by Every Half?
The funds will be used to accelerate Every Half’s expansion across Vietnam, deepen investment in its vertically integrated supply chain, and scale its packaged coffee business.
What diversification strategies is Every Half employing?
Every Half is expanding its operations beyond cafes to include coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.
What was the vision behind the founding of Every Half?
Founded by Vo Duy Phu and Tran Le Minh Truc, Every Half was created with the aim of showcasing Vietnamese-grown specialty coffee on a global scale, traversing operations from sourcing, processing, and roasting to retail.