+ equity
Coffee chain
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+ equity
201-500 employees
To reimagine local commerce to better serve their customers, neighborhoods, and the planet.
More people deserve great coffee and Blank Street strives to make this possible. Blank Street’s formula involves technology enabled, micro-footprint brick-and-mortar spaces which operate at a cheap price meaning they can produce excellent coffee, also, at a reasonable price.
What started as one electric-powered coffee cart in 2020 has expanded to over 50 locations across New York City, Boston and London. Blank Street wants to serve coffee cheaper than Starbucks but tastier than Dunkin’ Donuts – its main competitors – and has done so with automation, specifically Eversys espresso makers that can produce 700 drinks an hour.
The chain has received mighty financing, including from real estate tycoon Tishman Speyer as well as from General Catalyst Partners and Tiger Global Management. This brand is certainly making its mark as its growth has remained at an impressive rate, especially following its entrance into the thriving coffee shop market in the UK.
Kirsty
Company Specialist at Welcome to the Jungle
Mar 2023
$20m
EARLY VC
Oct 2021
$25m
SERIES A
South Williamsburg, NY
Issam Freiha
(Co-founder & CEO)Spent less than a year in Investment Banking at Morgan Stanley before becoming a Partner at Reshape (Fmr. Alrai Capital)
Vinay Menda
(Co-founder)Is currently a Board Member for Eden and Hudson River Park Friends, an Advisor for both Vero Leasing and Archie, an Investor at Sprout, Mealco and MainStreet, and a Managing Partner for Reshape Ventures.
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