easyCoffee to ramp up store opening with £2m backup by Jaguar Alternatives
This latest raise values the business at £15.5m.
The additional funds will be spent on building its largest store to date in The Priory Shopping Centre, Dartford with 100 covers as well as possible new outlets in Liverpool, Manchester, Cardiff and Swindon.
Founder Nathan Lowry said, “It’s a great endorsement of the brand and our strategy to place easyCoffee at the heart of local communities. Our shops also get involved in the local community with projects that include sponsorship of Hastings United football team thereby raising our local profiles more quickly than our competitors. Indeed, our large store formats reflect the growing customer needs and desire for more lifestyle outlets offering a third space to drink eat meet work and relax."
easyCoffee is said to be ready to grow the vending unit of the business with potential in shared workspace environments and major retail chains currently without a coffee outlet across the UK.
