About COFE
COFE is a company based in Kuwait City (Kuwait) founded in 2017 by Ali Al Ebrahim.. COFE has raised $28.2 million across 4 funding rounds from investors including eWTP Arabia Capital, Arab Investment Company and Wa'ed Ventures. COFE has completed 2 acquisitions, including Kaffeen and SIPPY.
- Headquarter Kuwait City, Kuwait
- Founders Ali Al Ebrahim
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.2 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series B
Mar 14, 2023
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Investors
eWTP Arabia Capital
& 11 more
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Employee Count
Employee Count
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Investments & Acquisitions
Kaffeen
& 1 more
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Funding Insights of COFE
COFE has successfully raised a total of $28.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $15.0M
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First Round
First Round
(13 Feb 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - COFE | Valuation | Wa'ed Ventures | |
| Apr, 2021 | Amount | Series A - COFE | Valuation | AL IMTIAZ |
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| Oct, 2019 | Amount | Series A - COFE | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in COFE
COFE has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include eWTP Arabia Capital, Arab Investment Company and Wa'ed Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Provider of entrepreneurs to build leading global businesses through access to global resources and capital
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by COFE
COFE has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kaffeen and SIPPY. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile application is provided for online coffee ordering and pickup.
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2018 | ||||
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Online platform to discover and order coffee from cafes
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - COFE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cofe Comparisons
Competitors of COFE
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cofe
Frequently Asked Questions about COFE
When was COFE founded?
COFE was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is COFE located?
COFE is headquartered in Kuwait City, Kuwait.
Who is the current CEO of COFE?
Ali Al Ebrahim is the current CEO of COFE. They have also founded this company.
Is COFE a funded company?
COFE is a funded company, having raised a total of $28.2M across 4 funding rounds to date.
What does COFE do?
COFE was founded in 2017 in Kuwait City, Kuwait, as an app-based platform in the food ordering sector focused on coffee. Nearby coffee shops are discovered by users through the iOS application, where orders are placed directly. Live order status tracking is provided as a key feature, enabling real-time monitoring of purchases. Operations are centered in Kuwait, serving local users with streamlined mobile access.
Who are COFE's investors?
COFE has 12 investors. Key investors include eWTP Arabia Capital, Arab Investment Company, Wa'ed Ventures, AL IMTIAZ, and KISP Ventures.
What is COFE's valuation?
The valuation of COFE is $25M as of Oct 2019.
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