The Curitiba-based coffee chain is seeking to open more than 150 stores this year after receiving new investment to implement its domestic and international growth plans
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The Coffee opened 90 stores in 2022 and now operates 189 outlets | Photo credit: The Coffee
The Coffee has received $7.5m in its latest investment round which it will use to expand across Brazil and new international markets.
The Brazilian coffee chain opened 90 stores in 2022 and now operates 189 outlets across five countries. The Coffee is seeking to reach 350 stores globally by the end of the year.
Led by venture capital firms Monashees and CapSur Capital, the funding will help The Coffee progress its international expansion plans, which saw the company open 11 stores across Colombia, France, Spain and Portugal last year.
The Curitiba-based company is currently in negotiations to open five stores in Peru and a further five in Mexico.
Founded in 2017 by the Fertonani brothers, The Coffee previously received seed round funding of $450,000 in 2019, $4.5m in 2020 and $6.8m in 2022.