COFE App Raises $15 Million in Series B Funding Round Led by Wa'ed Ventures & eWTP Arabia Capital
The latest funding round makes COFE App one of the leading coffee marketplace in the USD 44 Billion MENA Market
Last year, the company announced a partnership with the Saudi Coffee Company (SCC), a PIF-backed initiative with a mandate to invest SAR 1.2 billion (USD 319 million) in the national coffee sector by 2030.
Electronic World Trading Platform (eWTP) is initiated by Alibaba Group that brings to the table deep understanding of China’s technology ecosystems and a broad network of Chinese top entrepreneurs.
Press Release - COFE, MENA’s premiere online coffee marketplace has announced the successful completion of its Series B funding round, raising USD 15 million in investmen