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 outlets
Every Half’s Pasteur outlet in Ho Chi Minh City (pictured) opened on 12 August 2024 | Photo credit: Every Half Coffee Roasters
Vietnamese specialty coffee roaster and café chain Every Half Coffee Roasters has received new investment from Singaporean investment firms Openspace Ventures and DSG Consumer Partners.
Founded by Tran Le Minh Truc and Vo Duy Phu in 2021, Every Half currently operates eight outlets in Ho Chi Minh City.
While the value of the investment has not been disclosed, Duy Phu said Every Half now has the necessary resources to scale its retail footprint and support Vietnamese coffee farmers develop climate-resilient coffee varieties, such as Starmaya and Centroamericano.
“We are delighted to have the support of these investors, who both bring vast experience in building coffee and consumer brands. With their partnership, we have the resources to increase our collaboration with linked farmers, expand our retail chain, and enhance the quality of coffee for our customers,” he said.
Openspace Vice President Dennis Le said the opportunity for Every Half to bring Vietnamese robusta and other sustainable coffee varieties into the global supply chain is ‘enormous and timely’ given the global shortage of arabica coffee.
“We are excited to support Every Half’s vision of elevating the status of Vietnamese coffee. This partnership will help improve their supply chain and drive sustainable growth,” he said.
Openspace counts Indonesia’s Jiwa Group and Filipino coffee chain Pickup Coffee among its investments, 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 backed by Phoenix Holdings, a family investment office in Vietnam.