Vietnam’s Every Half Coffee Roasters Secures Strategic Investment from Singapore Firms

August 30, 2024
Vietnam’s Every Half Coffee Roasters Secures Strategic Investment from Singapore Firms
by VPCA
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Every Half Coffee Roasters, a fast-expanding Vietnamese café chain, has attracted investment from Singaporean firms Openspace Ventures and DSG Consumer Partners. The amount of funding has not been disclosed, but it is set to significantly enhance the company’s growth and sustainability initiatives.

Launched in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half has expanded from a coffee roaster to operating eight café outlets in Ho Chi Minh City. The new funding will support improvements in the supply chain, partnerships with farmers to develop climate-resilient coffee varieties, and the opening of additional retail locations.

The company focuses on sustainability by collaborating with farmers in Dien Bien, Gia Lai, and Dak Lak to cultivate resilient coffee varieties such as Starmaya, Marsellesa, Centroamericano, and Liberica. This initiative supports local agriculture and addresses the global challenge of coffee shortages due to climate change.

“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.”
Vo Duy Phu, co-founder and CEO of Every Half Coffee
“In a world where climate change is causing a shortage of Arabica beans, the opportunity for Every Half to add Vietnamese Robusta and other sustainable coffee varieties to the global supply is both immense and timely. 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 promote sustainable growth.”
Dennis Le, Vice President at Openspace Ventures

The specialty coffee market, anticipated to reach $52 billion by 2030, is growing rapidly. However, premium Vietnamese coffee remains relatively underexplored, offering substantial opportunities for Every Half.

Openspace Ventures, a leading tech-focused venture capital firm, manages over $800 million and has invested in companies like GoTo and Pickup Coffee. DSG Consumer Partners, with over $300 million in assets, has a diverse portfolio including Coolmate and SaladStop. Both firms bring critical expertise and resources to support Every Half’s strategic expansion.

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