Blank Street, the High-Growth, Small-Format and Tech-Forward Coffee Company Secures $25 Million in Series A Funding
Retrieved on:
Wednesday, October 13, 2021
Momentum, DUMBO, KDT, Street, Time, Catalysis, Growth, General Catalyst, NEW, Harvard Business School, Friends, Coffee, Technology, National Medal of Technology and Innovation, Tiger Global Management, Founder, Student, GLOBE, Washington Square Park, Reshaping Cultural Policies, NYU, Partnership, Hey Tea, Culture, Starbucks, HubSpot, Menda, Nightclub, Online shopping
NEW YORK, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Blank Street, the high-growth, small-format specialty coffee company born in Brooklyn, NY today announced a $25 million Series A investment led by General Catalyst and Tiger Global, along with additional strategic investors including Neil Blumenthal and Dave Gilboa (Founders, Warby Parker), Jeff Raider (Founder, Warby Parker and Harry’s), Joey Zwillinger (Founder, Allbirds) and global real estate firm Tishman Speyer. Following a $7M Seed raise earlier this year, the new Series A funding will help fuel Blank Street’s rapid retail expansion, with a focus on evolving its vendor partnerships and technology capabilities.
Key Points:
- In August 2020, Blank Street debuted its first location, a mobile coffee cart, at the iconic Wythe Diner in Williamsburg.
- Blank Street has quickly established itself as the newest contender in NYCs high-growth specialty coffee race, says Youngme Moon, newly named Blank Street board member and notable Harvard Business School professor.
- I look forward to being on this journey with the entire Blank Street team as they continue their expansion throughout NYC and across the U.S.
- The company will debut this new model with Brooklyn-based King David Tacos (KDT), where KDTs coveted breakfast tacos will be served alongside Blank Streets coffee and tea drinks.