COFE App Secures Series C+ Investment from Waed Ventures to Expand Coffee Commerce Platform

COFE App, now operating as COFE Tech, has received a Series C+ investment from Waed Ventures, a venture capital firm. The funding amount was not disclosed. This round follows the company's growth as a digital commerce platform for the coffee industry.

Founded in 2019, COFE App initially launched as the first on-demand coffee ordering app in the MENA region. Since then, it has evolved into a comprehensive platform that combines ordering, delivery, and pickup services with e-commerce for coffee beans, capsules, and brewing equipment. The platform also offers subscription services and loyalty programs.

COFE App reports serving approximately two million users across more than 15,000 stores in Saudi Arabia, Kuwait, the UAE, and Turkey. This extensive network positions the company as a significant player in the regional coffee market.

The company is now extending its technology to enterprise brands through AI-driven agentic commerce and procurement tools. This strategic move aims to leverage its platform capabilities beyond direct consumer services, offering B2B solutions that could streamline operations for coffee businesses.

Waed Ventures, the lead investor in this round, is known for supporting technology startups in the Middle East. The investment signals confidence in COFE App's growth trajectory and its potential to transform the coffee industry's digital landscape.

With the new capital, COFE App plans to further develop its AI-driven tools and expand its enterprise offerings. The company's rebranding to COFE Tech reflects its broader ambition to become a technology provider for the coffee sector, not just a consumer app.

The coffee industry has seen increasing digitization, and COFE App's platform addresses key needs such as convenience, personalization, and operational efficiency. By integrating e-commerce, subscriptions, and loyalty programs, the company offers a holistic solution for coffee retailers and consumers alike.

As COFE Tech continues to innovate, it will likely face competition from other digital platforms and traditional coffee chains expanding their online presence. However, its established user base and regional footprint provide a solid foundation for growth.

The investment from Waed Ventures could open doors to further partnerships and market expansion. With the coffee market in the MENA region and Turkey growing steadily, COFE Tech is well-positioned to capitalize on this trend.

While specific financial details of the round remain undisclosed, the Series C+ funding marks a significant milestone for COFE Tech as it scales its operations and enhances its technological capabilities. The company's focus on AI-driven commerce could set new standards for the coffee industry's digital transformation.