Never Coffee
Latest round
- Angel
Last raised
- Dec 2015
Total raised
- $0.5M
Investors
- 1
About Never Coffee
, operates primarily in the beverage sector, offering coffee and related drinks. The company has made strategic pivots, including the launch of a unique extraction line in 2016 and a new ambient coffee series in 2022. Never Coffee has undergone significant changes, including an acquisition by Genki Forest Beverage Co. Ltd. in February 2021.Never Coffee offers a diverse range of beverage products centered around coffee. Their core offerings include cold brew coffee, introduced through a first-of-its-kind extraction line in 2016, and a newly launched ambient coffee series in 2022. The product lineup has been expanded to include lemon water and pure tea beverages, catering to a broad audience.In 2022, Never Coffee achieved sales exceeding 100 million CNY, with revenue generated primarily through direct sales to retailers and wholesalers. Their sales strategy focuses on bulk orders, allowing retailers to stock a variety of Never Coffee products.Never Coffee is set to continue its expansion with the introduction of new products targeting health-conscious consumers. Specific upcoming launches include additional flavored coffee and tea beverages, scheduled for release in late 2023. The company aims to penetrate new geographic markets beyond China, with plans to establish a presence in Southeast Asia by mid-2024.
Who invested in Never Coffee
1 investor across 1 round
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Funding rounds
Angel
Dec 7, 2015
Amount
$0.5M
Investors
Questions about Never Coffee
Who invested in Never Coffee?
Never Coffee has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Never Coffee raised?
Never Coffee has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Never Coffee last raise money?
Never Coffee's most recent round on record is a Angel, in Dec 2015.
What does Never Coffee do?
, operates primarily in the beverage sector, offering coffee and related drinks.
Where is Never Coffee headquartered?
Never Coffee is headquartered in Beijing, China.
Which VCs invest in companies like Never Coffee?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back consumer products companies at Never Coffee's stage. Their profiles are linked below.
VCs backing consumer products startups at Angel
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