About Fore Coffee
Fore Coffee is a company based in Jakarta (Indonesia) founded in 2018.. Fore Coffee has raised $40 million across 3 funding rounds from investors including East Ventures, SMDV and Pavilion Capital Partners. The company has 3,180 employees as of December 31, 2024. Fore Coffee offers products and services including Fore Coffee App, Specialty Coffee, Aren Latte, and Pandan Latte. Fore Coffee operates in a competitive market with competitors including Kopi Kenangan and Flash Coffee, among others.
- Headquarter Jakarta, Indonesia
- Employees 3180 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name Pt Fore Kopi Indonesia Tbk
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Annual Revenue
$64.23 M (USD)115.46as on Dec 31, 2024
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Net Profit
$3.6 M (USD)4941.38as on Dec 31, 2024
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EBITDA
$11.45 M (USD)163.48as on Dec 31, 2024
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Total Equity Funding
$40 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Series B
Nov 06, 2019
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Investors
East Ventures
& 4 more
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Employee Count
3180
as on Dec 31, 2024
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IPO & Listings of Fore Coffee
Fore Coffee is a publicly listed company on the IDX with ticker symbol FORE in Indonesia, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fore Coffee
Fore Coffee offers a comprehensive portfolio of products and services, including Fore Coffee App, Specialty Coffee, Aren Latte, and Pandan Latte. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering specialty coffee and accessing promotions.
High-quality coffee drinks made from Indonesian beans.
Signature latte offering unique flavor for daily consumption.
Innovative latte with pandan flavor for enhanced taste.
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Funding Insights of Fore Coffee
Fore Coffee has successfully raised a total of $40M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in November 2019. 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 3
- Last Round Series B — $30.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series B - Fore Coffee | Valuation |
investors |
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| Jan, 2019 | Amount | Series A - Fore Coffee | Valuation | East Ventures | |
| Sep, 2018 | Amount | Seed - Fore Coffee | Valuation |
investors |
| 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 Fore Coffee
Fore Coffee has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include East Ventures, SMDV and Pavilion Capital Partners. 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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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location | |
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Tech startups are invested in by SMDV venture capital firm.
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by this venture capital fund.
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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 Fore Coffee
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - Fore Coffee
| 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 |
Fore Coffee Comparisons
Competitors of Fore Coffee
Fore Coffee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kopi Kenangan and Flash Coffee, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Chain of limited service restaurant serving coffee
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| domain | founded_year | HQ Location |
Tech enabled coffee chain that offers caffeine products
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| 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 Fore Coffee
Frequently Asked Questions about Fore Coffee
When was Fore Coffee founded?
Fore Coffee was founded in 2018.
Where is Fore Coffee located?
Fore Coffee is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Is Fore Coffee a funded company?
Fore Coffee is a funded company, having raised a total of $40M across 3 funding rounds to date.
How many employees does Fore Coffee have?
As of Dec 31, 2024, the latest employee count at Fore Coffee is 3,180.
What is the annual revenue of Fore Coffee?
Annual revenue of Fore Coffee is $64.23M as on Dec 31, 2024.
What does Fore Coffee do?
Fore Coffee was founded in 2018 and is based in Jakarta, Indonesia. The company owns and operates a network of coffee cafes, where beverages such as pandan latte, cappuccino, americano, espresso, cold brew, green tea, jasmine green tea, and creme caramel tea are served. An Android and iOS mobile application is provided for ordering and delivery services. Operations focus on the food and beverage sector within the cafe industry.
Who are the top competitors of Fore Coffee?
Fore Coffee's top competitors include Kopi Kenangan and Flash Coffee.
What products or services does Fore Coffee offer?
Fore Coffee offers Fore Coffee App, Specialty Coffee, Aren Latte, and Pandan Latte.
Is Fore Coffee publicly traded?
Yes, Fore Coffee is publicly traded on IDX under the ticker symbol FORE.
Who are Fore Coffee's investors?
Fore Coffee has 5 investors. Key investors include East Ventures, SMDV, Pavilion Capital Partners, Agaeti Venture Capital, and Insignia Ventures Partners.
What is Fore Coffee's ticker symbol?
The ticker symbol of Fore Coffee is FORE on IDX.