JAKARTA, Indonesia, Dec 23 (Bernama-AsiaNet) —
The Company Raised Additional Investment from Sequoia India, Arrive, and Serena Ventures Amongst Others
Kopi Kenangan, the fastest growing ‘grab-and-go’ coffee chain in Southeast Asia, announced an expansion of its June Series A round with additional investment from Arrive, a Roc Nation company, Serena Ventures, world-renowned basketball player Caris LeVert, and Sweetgreen CEO & Co-Founder Jonathan Neman, amongst others. Sequoia India, which led the US$20 million Series A round in June 2019, also participated in this expansion.
“We are inspired by Kopi Kenangan’s tenacity, vision, and ability to execute,” said Neil Sirni, Arrive Co-Founder and President. “In just two years, they have expanded to 18 cities, 200 stores, and over 1,800 employees. We’re excited to be an investor in and partner to Kopi Kenangan as they introduce Indonesian-style coffee to the world.”