Every Half Coffee Roasters, a specialty coffee chain, has recently secured investment from Openspace Ventures, with participation from DSG Consumer Partners. The financial details of the deal were not disclosed per the agreement between the parties.
Openspace is a venture capital firm that seeks out and supports businesses across Southeast Asia, currently managing over $800 million in assets. Some of its notable investments include Gojek and Kredivo. In Vietnam, Openspace has invested in Finhay and Vui App.
On the other hand, DSG Consumer Partners is a venture capital firm focusing on the consumer sector, managing over $300 million in assets with a portfolio of over 80 companies across Southeast Asia and India. In Vietnam, DSG Consumer Partners has invested in Coolmate and Marathon Education.
Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half started as a coffee roastery and later expanded into a retail chain. It currently operates 8 branches in Ho Chi Minh City, located in prime areas. Every Half’s stores feature a minimalist design and serve specialty coffee sourced from both domestic and international origins.
Additionally, Every Half embraces sustainability by collaborating with farmers to grow and develop climate-resilient coffee varieties such as Starmaya, Marsellesa, and Centroamericano H1 in Dien Bien, as well as Liberica in Pleiku and Dak Lak.
According to business registration information, the legal representative of Every Half Bean JSC is Mr. Vo Duy Phu. Mr. Phu is known to be the co-founder and former deputy general director of Vietnam Tea and Coffee Commercial Services JSC, the company that owns and operates The Coffee House chain. Tran Le Minh Truc was also a coffee roaster artisan at The Coffee House.
Interestingly, Every Half’s business registration lists Mr. Nguyen Hai Ninh, the founder of The Coffee House, as its director. Mr. Ninh is closely associated with the well-known coffee chain. Moreover, some of Every Half’s stores are located within the premises of M Village, a serviced apartment chain founded by Mr. Hai Ninh.
Mr. Nguyen Hai Ninh, founder of The Coffee House, is now leading the new startup, M Village.
Mr. Hai Ninh, along with his associates, including Mr. Phu, built The Coffee House from the ground up, growing it into the second-largest coffee chain in the market at one point, only after Highlands Coffee. However, in February 2021, he announced his departure from the company he helped create, marking the end of his 6-year journey with The Coffee House.
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