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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Investments & Acquisitions
Kaffeen
& 1 more
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People of COFE
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Locked | Locked | Locked | |
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Provider of entrepreneurs to build leading global businesses through access to global resources and capital
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Locked | Locked | Locked | |
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Locked | Locked | Locked |
Investor details for COFE
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Investments & Acquisitions by COFE
COFE has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kaffeen and SIPPY.
Investment portfolio details for COFE
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- Portfolio identities
- Transaction dates
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| 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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Locked | Locked | 2018 | Locked | |
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Online platform to discover and order coffee from cafes
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Locked | Locked | 2016 | Locked |
Complete acquisition details for COFE
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Financial Statements - COFE
Detailed financials for COFE
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Cofe Comparisons
Peer comparison for COFE
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Competitors of COFE
Detailed competitors of COFE
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Latest news on Cofe
Complete news archive for COFE
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Frequently Asked Questions about COFE
COFE was founded in 2017 and raised its 1st funding round 2 years after it was founded.
COFE is headquartered in Kuwait City, Kuwait.
Ali Al Ebrahim is the current CEO of COFE. They have also founded this company.
COFE is a funded company, having raised a total of $28.2M across 4 funding rounds to date.
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.
COFE has 12 investors. Key investors include eWTP Arabia Capital, Arab Investment Company, Wa'ed Ventures, AL IMTIAZ, and KISP Ventures.
The valuation of COFE is $25M as of Oct 2019.