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- Blank Street
Blank Street Revenue, Valuation, Funding & Investors
Blank Street is valued at $650M as of August 2026, a 4.3x multiple on its last reported $150M revenue.
Last Blank Street valuation
$650M
Secondary · Aug 2026
Last Blank Street funding round
$75M
Series C · Aug 2026
Blank Street revenue
$150M
Secondary · Aug 2026
Key investors in Blank Street
General Catalyst
Tiger Global
FJ Labs
Quiet Capital
HOF Capital
General Atlantic
About Blank Street
Blank Street is a Brooklyn-founded coffee chain started in 2020 by Vinay Menda and Issam Freiha, who began by selling coffee from an electric-powered cart. The company operates small-format stores across the US and UK offering coffee, matcha, snacks, and ice cream at prices below large chains such as Starbucks and Dunkin'. Blank Street has grown to more than 100 locations, using high-tech espresso equipment and mobile ordering to keep store footprints and staffing costs low.
Founded
2020
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$150M (Aug 2026)
Valuation
$650M (Aug 2026)
Blank Street Valuation
Blank Street is currently valued at $650M, based on its secondary sale in August 2026.
Blank Street's valuation has grown 6.6x from $98M at its Series A in October 2021 to $650M in August 2026, across 4 priced rounds.
Blank Street valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2026 | Secondary | $650M | 4.3x |
| Aug 2026 | Series C | $650M | 4.3x |
| May 2025 | Undisclosed stage | $503M | - |
| Oct 2021 | Series A | $98M | - |
Blank Street Revenue
Blank Street's latest recorded revenue is $150M, as of its secondary sale in August 2026. At a $650M valuation, that implies a 4.3x revenue multiple.
Revenue moved from $150M in August 2026 to $150M in August 2026, while the revenue multiple moved from 4.3x to 4.3x.
Blank Street revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2026 | $150M | $650M | 4.3x | Secondary |
| Aug 2026 | $150M | $650M | 4.3x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Blank Street Funding History
Blank Street has raised a total of $210M across 7 funding rounds, plus 1 secondary share sale.
Blank Street's first fundraising round was a $7M seed round in March 2021. The most recent completed round was a $75M Series C in August 2026.
Blank Street funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Secondary | - | $30M | $650M | Blank Street raised $105 million in an August 2026 financing led by General Atlantic, consisting of $75 million of primary capital and $30 million of secondary capital, at a valuation of about $650 million. The secondary component provided liquidity to existing shareholders, while the primary proceeds were intended to support expansion. The round was tied to Blank Street’s plan to expand into affluent parts of California, including Beverly Hills, West Hollywood, and Malibu, as the company broadened beyond its coffee-focused roots into an all-day brand spanning coffee, matcha, snacks, and ice cream. Blank Street had grown to more than 100 locations by the time of the financing. Blank Street is a Brooklyn-based coffee chain founded by Issam Freiha and Vinay Menda. It operates small-format stores and has attracted backing from investors including Left Lane Capital, General Catalyst, and Tiger Global. |
| Aug 2026 | Series C | General Atlantic (lead); General Catalyst; Louis Frach; Tiger Global | $75M | $650M | General Atlantic led Blank Street’s August 2026 financing with $75 million of primary capital, alongside $30 million of secondary capital for a total $105 million round, valuing the coffee and matcha chain at about $650 million. Existing investors participating included General Catalyst, Left Lane Capital, and Tiger Global. The new funding was aimed at accelerating expansion across the U.S. West Coast, especially in affluent California locations, while broadening Blank Street beyond coffee into an all-day format with products such as matcha, snacks, and ice cream. The company is a six-year-old, Brooklyn-based chain operating more than 100 locations. Blank Street was founded in 2020 and had raised $224.7 million in total equity funding before this round. |
| May 2025 | Undisclosed stage | - | $21M | $503M | Blank Street is a coffee company founded in summer 2020 by college friends Vinay Menda and Issam Freiha, who started by selling coffee from an electric-powered green cart in Brooklyn. The company aims to make high-quality coffee more accessible at affordable prices, positioning itself as a competitor to large chains like Starbucks and Dunkin'. The founders drew inspiration from mobile food and beverage businesses prominent in Asia. On May 14, 2025, Blank Street raised $21 million in a Series C funding round, with investors including General Catalyst, Left Lane Capital, and HOF Capital. The company's post-money valuation at the time of this round was $502.74 million. By March 2026, Blank Street had grown into a significant café chain operating over 100 outlets across the US and the UK, with expansion into Ireland underway. The company has raised a total of $139.43 million across 8 funding rounds since its inception. Backed by investment giants including Tiger Global Management and Tishman Speyer Properties, Blank Street has achieved rapid scaling from its origins as a mobile coffee cart to become a major player in the specialty coffee market. |
| Mar 2023 | Series B | General Catalyst; Left Lane Capital; HOF Capital; Tiger Global | $20M | - | Blank Street is a coffee chain founded in 2020 by former venture capitalists, starting as a single cart in Brooklyn and expanding to 90 locations across New York, Boston, DC, and London by emphasizing efficiency with small 500 sq ft stores, high-tech espresso machines producing 90 cups per hour with minimal staff, streamlined mobile app ordering, and low rent costs around $3,500 monthly. The company undercuts Starbucks prices by 25%, uses viral Instagram marketing via pop-ups and collaborations, and positions as a neighborhood-friendly indie brand while operating a data-driven, optimized business model focused on fast, affordable, photogenic coffee. In April 2023, Blank Street raised $20 million in its fifth funding round, contributing to total funding of $41 million across two rounds listed, with a later $21 million round in June 2025; investors for the 2023 round match General Catalyst, HOF Capital, Left Lane Capital, and Tiger Global per query, though not detailed in sources. |
| Mar 2023 | Undisclosed stage | SMVentures; FJ Labs | $27M | - | Blank Street is a small-format coffee chain founded in 2020 by Vinay Menda and Issam Freiha that operates more than 65 physical coffee shops positioned to offer high-quality coffee at accessible prices. The company has adopted a tech-enabled real estate model to achieve venture capital-attractive metrics typically unavailable to traditional brick-and-mortar businesses. In March 2023, Blank Street raised $26.8 million according to an SEC filing, as part of a broader funding trajectory that included a $7 million seed round in March 2021, a $25 million Series A in October 2021 led by General Catalyst and Tiger Global Management, and a $35 million Series B in January 2022. By March 2023, the company had raised approximately $93.8 million in total equity funding from investors including General Catalyst, Tiger Global, FJ Labs, HOF Capital, and Quiet Capital. The company expanded rapidly after demonstrating strong unit economics and scalability, attracting support from leading venture capital firms despite skepticism from some investors initially hesitant about the physical retail model. As of August 2025, Blank Street had raised a total of $134.8 million, though specific financial metrics such as post-money valuation, revenue, and EBITDA for the March 2023 round period are not publicly disclosed. |
| Jan 2022 | Series B | - | $35M | - | - |
| Oct 2021 | Series A | General Catalyst (lead); Tiger Global (lead); Balius Partners; Dave Gilboa; Jaws Ventures; FJ Labs; Neil Blumenthal; Tishman Speyer; Jeffrey Raider; Scott Belsky; Quiet Capital | $25M | $98M | Blank Street, founded in May 2020 by Vinay Menda and Issam Freiha, operates small-format specialty coffee shops using electric street carts and micro kiosks in New York City, starting with a mobile coffee cart in Williamsburg, Brooklyn. The company functions as a micro-retail marketplace, selling its own coffee brand alongside products from local vendors like Parlor Coffee, Gertie bagels, and King David Tacos. By launch date of October 13, 2021, Blank Street had expanded to 14 locations across Brooklyn and Manhattan, with each achieving profitability within two months of opening. On October 13, 2021, Blank Street announced a $25 million Series A funding round led by General Catalyst and Tiger Global, following a $7 million seed round earlier in 2021. Additional investors included Warby Parker co-founders Neil Blumenthal and Dave Gilboa, Harry's founder Jeff Raider, Allbirds founder Joey Zwillinger, FJ Labs, Jaws Ventures, Quiet Capital, Scott Belsky, and Tishman Speyer. The round matched the specified investors and approximate date, confirming it as the target VC funding. Blank Street plans to use the capital for rapid expansion to 100 locations in NYC by the end of 2022, technological upgrades, and scaling its 'Powered By Blank Street' wholesale partnership model, enabling local vendors like King David Tacos to sell in new neighborhoods without managing storefronts or labor. The founders, previously behind the $100 million VC fund Reshape, drew inspiration from efficient small-footprint food retail in Asia to offer high-quality specialty coffee at lower prices through reduced real estate costs and mobile ordering technology. |
| Mar 2021 | Seed | Cold Start Ventures; Outbound Ventures; FJ Labs; Justin Mateen; HOF Capital; Pentas Ventures; Ron Zori; Reshape Ventures; Base10 Partners; Quiet Capital | $7M | - | Blank Street raised $7 million in a seed round in March 2021. The investors included Base10 Partners among others, though specific leads were not disclosed. This early funding supported the company's launch as a coffee shop chain focused on caffeine products, baked treats, pastries, and tacos with zero waste and zero emissions. |
Who has invested in Blank Street?
23 investors have backed Blank Street across its funding rounds, including General Catalyst, Tiger Global, FJ Labs, Quiet Capital, HOF Capital and General Atlantic.
Lead investors include General Atlantic, General Catalyst and Tiger Global.
Blank Street Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2021 | ||
| 3 | Participant | Mar 2021 | ||
| 3 | Lead | Oct 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 2 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2023 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Blank Street
Blank Street has acquired 1 company to date.
Last acquisition by Blank Street was on October 7th 2022. Blank Street acquired Over Under Coffee for undisclosed valuation.
Latest Acquisitions by Blank Street
| Description | Over Under Coffee is a London-based chain of specialty coffee shops and restaurants with locations in Borough, Blackhorse Road, and Cambridge. It roasts single-origin beans from Ethiopia, Colombia, and Kenya at its own facility, serving pour-overs, espressos, and batch brews alongside brunch menus featuring avocado toast, pancakes, and small plates. The venues emphasize sustainable sourcing and host regular cupping events for coffee education. |
| HQ Country | |
| HQ City | London |
| Deal Date | 7 Oct 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Blank Street acquisitions and their M&A valuation multiples. Start Free Trial | |
Blank Street Competitors
Blank Street competitors include listed companies like Fore Kopi Indonesia and Dodla Dairy, and private ones like Country Delight, Kopi Kenangan, Rebel Foods and Meati.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $148M | - | $820M | 5.5x | ||
| Private | $184M | - | $1B | 5.4x | ||
| Publicly listed | $84M | $17M | $407M | 3.7x | ||
| Private | $173M | - | $1.4B | 8.1x | ||
| Private | - | - | $650M | - | ||
| Publicly listed | $430M | $36M | $660M | 1.3x |
Blank Street Public Comps
Blank Street is still privately-owned, but its public comps include Dodla Dairy, Papa John's, Kasapreko, Cannae Holdings, Collins Foods, Rogers Sugar, Young's Pubs, First Watch, SunRice and Ülker.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $430M | $36M | 1.4x | 1.3x | 17.0x | 17.5x | |||
| $2.1B | $181M | 0.8x | 0.8x | 8.7x | 8.4x | |||
| $381M | - | 1.9x | - | - | - | |||
| $424M | ($162M) | 1.8x | 1.9x | (4.6x) | (10.7x) | |||
| $1.1B | $161M | 1.1x | 1.1x | 7.5x | 6.9x | |||
| $941M | $99M | 1.0x | 1.1x | 9.5x | 8.2x | |||
| $682M | $139M | 1.5x | 1.5x | 7.5x | 6.5x | |||
| $1.2B | $104M | 1.4x | 1.2x | 16.1x | 12.8x | |||
This data is available for Pro users. Sign up to see all Blank Street competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Blank Street
| When was Blank Street founded? | Blank Street was founded in 2020. |
| Where is Blank Street headquartered? | Blank Street is headquartered in New York City, NY, United States. |
| Is Blank Street publicly listed? | No, Blank Street is a private, VC-backed company. |
| What is Blank Street's valuation? | Blank Street was last valued at $650M in its secondary sale in August 2026. |
| How much funding has Blank Street raised? | Blank Street has raised $210M across 7 funding rounds. |
| What was Blank Street's last funding round? | Blank Street's last funding round was a $75M Series C in August 2026, led by General Atlantic. |
| Who are Blank Street's investors? | Blank Street's investors include General Catalyst, FJ Labs, Tiger Global, HOF Capital, Quiet Capital, Cold Start Ventures, SMVentures, Balius Partners, Dave Gilboa, Outbound Ventures and 13 others. |
| What is Blank Street's revenue? | Blank Street's latest recorded revenue is $150M (August 2026). |
| What is Blank Street's revenue multiple? | Blank Street's latest valuation implies a 4.3x revenue multiple ($650M valuation on $150M of revenue). |
| Which companies are comparable to Blank Street? | Companies comparable to Blank Street include Country Delight, Kopi Kenangan, Fore Kopi Indonesia, Rebel Foods, Meati and Dodla Dairy. |
| How many companies has Blank Street acquired? | Blank Street has acquired 1 company, including Over Under Coffee. |
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