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  • Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Vietnamese coffee brand, Every Half, has recently raised a total of US$8 million in a Series A funding round. The considerable investment comes courtesy of existing investors Openspace Capital and DSG Consumer Partners.

    The new capital will be used to facilitate comprehensive expansion across Vietnam, as well as deepening the company’s investment into its vertically integrated supply chain. Plans are also in place to increase the reach of its packaged coffee business.

    Diversifying the Coffee Sector

    Every Half is well on its way to extending its business operations beyond traditional cafes. The company is actively investing in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

    As of now, Every Half manages 36 stores in numerous locations including Ho Chi Minh City, Hanoi, Danang, and Hoi An. The company is projected to almost triple its revenue this year. In addition to this, it has expanded its range of consumer products. From selling roasted coffee beans and brewing equipment online to exporting to markets such as Singapore, Thailand, and Taiwan.

    The latest funding round builds on previous investments from Openspace and DSG Consumer Partners. This follows an undisclosed seed round in 2024 topped by a $3 million pre-Series A funding round last year.

    Every Half was established in 2021 by ex-The Coffee House executives Vo Duy Phu and Tran Le Minh Truc. The company’s primary aim is to promote Vietnamese-grown specialty coffee through a wide-ranging business model that covers sourcing, processing, roasting, and retail.

    In 2024, when Openspace made its initial investment, it expressed support for Every Half’s ambition to transform Vietnamese coffee from a mere commodity export into a globally recognized premium brand. This highlighted the founders’ extensive experience in coffee sourcing, product development, and retail.

    DSG Consumer Partners echoed this sentiment, emphasizing the firm’s focus on specialty coffee, sustainable sourcing, and brand building as essential drivers of its long-term growth potential.

    Questions & Answers

    What is the primary focus of Every Half?
    Every Half aims to transform Vietnamese-grown specialty coffee into a globally recognised premium brand.

    How does the company intend to use the funds from the recent Series A funding round?
    The brand plans to use the funds to facilitate expansion all over Vietnam and to deepen their investment in their vertically integrated supply chain.

    What are some of the additional business avenues Every Half is exploring?
    Every Half is diversifying with investments in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

  • Stephen Curry Scores Slam Dunk Deal with Chinese Sportswear Giant Li-Ning

    Stephen Curry Scores Slam Dunk Deal with Chinese Sportswear Giant Li-Ning

    Li-Ning, a prominent sportswear company in China, has recently announced a multi-faceted partnership with NBA Star, Stephen Curry. This exciting collaboration will initially emphasize on the sport of basketball and golf, with future plans to expand into lifestyle and other sportswear areas.

    A Crucial Partnership

    In this newly forged union, Li-Ning and Curry will work closely to devise new products, foster exclusive content, and devise consumer experiences that appeal to the interests of young athletes and sports consumers. Stephen Curry expressed enthusiasm about the partnership, attributing his decision to the company’s innovative product line and capabilities. Curry was particularly impressed by the quality, comfort, and performance of Li-Ning’s footwear, which he believes will align perfectly with the image he wants to establish for his own brand.

    The sportswear company, Li-Ning, which was founded in 1990 by the former Olympic Gymnast Li Ning, has flourished into one of the largest brands in China’s sportswear industry. Li Ning views this partnership as a reflection of their mutual emphasis on performance and the future of sports.

    Shared Vision

    The company’s founder expressed a shared focus on performance and the potential of sport, believing in the power of sport to ignite passion and inspire each generation to push beyond its limits. Both Li-Ning and Curry are eager about this partnership and look forward to building upon it to continually push boundaries and open new horizons for global sport.

    Questions & Answers

    What is the nature of the partnership between Li-Ning and Stephen Curry?
    The partnership involves multi-category development focusing initially on basketball and golf, with plans to expand into other sportswear and lifestyle sectors.

    What was the critical factor that influenced Stephen Curry’s decision to collaborate with Li-Ning?
    Stephen Curry was primarily impressed by the quality, comfort, and performance of Li-Ning’s shoes, which gave him confidence in the company’s capability to align with his brand’s vision.

    What does this partnership signify for Li-Ning and Curry?
    Both parties view this collaboration as a reflection of their shared focus on performance and the future of sports. They look forward to pushing boundaries and creating new possibilities for global sport.