Coffee Box Valuation, Funding & Investors
Coffee Box is valued at $145M as of April 2019.
Last Coffee Box valuation
$145M
Series B · Apr 2019
Last Coffee Box funding round
$31M
Series B · Apr 2019
Cumulative funding Coffee Box raised
$119M
across 2 funding rounds
Key investors in Coffee Box
Qiming Venture Partners
Gaorong Capital
Coffee Box Overview
About Coffee Box
Coffee Box is a Moscow-based chain operating express coffee delivery and takeaway outlets in Russia. It focuses on quick-service locations in high-traffic urban areas, offering brewed coffee, lattes, and pastries via app orders and drive-thru windows. Established in 2014, Coffee Box maintains over 100 kiosks in the capital region.
Founded
2012
HQ
ShanghaiWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$145M (Apr 2019)
Coffee Box Valuation
Coffee Box is currently valued at $145M, based on its Series B in April 2019.
The $31M round included Gaorong Capital and Qiming Venture Partners.
Coffee Box valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2019 | Series B | $145M |
Coffee Box Funding History
Coffee Box has raised a total of $119M across 2 funding rounds.
Coffee Box's first fundraising round was a $88M Series B in March 2018. The most recent completed round was a $31M Series B in April 2019.
Coffee Box funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2019 | Series B | Gaorong Capital; Qiming Venture Partners | $31M | $145M | Coffee Box (连咖啡), founded in 2014, began as a branded coffee delivery service for global chains like Starbucks and Costa before transitioning to its own branded coffee products and small pickup-oriented stores. On April 24, 2019, it completed its Series B3 funding round, raising CNY 206 million (approximately USD 30-31 million) at a post-money valuation of CNY 1 billion, with investments from Qiming Venture Partners, Gaorong Capital, and its co-founders Wang Jiang and Zhang Xiaogao. The funds were earmarked for expansion, including plans to build 500 brick-and-mortar stores by year-end, building on its existing ~100 stores from end-2017. The company reported returning to profitability in April 2019 following store optimizations and new product launches earlier that year, with prior profitability achieved in over 100 shops by end-2017. It emphasized aggressive digital coupon strategies similar to rival Luckin Coffee, which had filed for a US IPO just prior, and highlighted peak single-day sales of nearly 400,000 cups during the 2018 12.12 shopping festival, equivalent to 1,000 Starbucks stores. Coffee Box positioned itself in China's intensifying coffee market wars against players like Starbucks and Luckin. Qiming and Gaorong had previously participated in Coffee Box's B+ round, underscoring their ongoing support. The timing of the B3 round capitalized on market momentum from Luckin's IPO filing, aiding Coffee Box's strategic adjustments and expansion plans amid a competitive landscape of on-demand beverage chains shifting toward offline presence. |
| Mar 2018 | Series B | Qiming Venture Partners (lead); Gaorong Capital | $88M | - | Coffee Box is an online coffee delivery and retail chain founded in 2014 by WANG Jiang and ZHANG Xiaogao. The company initially operated as a delivery service for brands like Starbucks and Costa, and later launched its own branded coffee line, leveraging Internet-based marketing and WeChat integration to offer low-cost coffee products (American coffee at CNY 3.8, latte at CNY 5.8). The company operates an asset-light business model focused on delivery logistics, supply chain management, and rent, enabling rapid expansion across major Chinese cities. By the end of 2017, Coffee Box had achieved profitability in over 100 coffee shops and had expanded to 100+ stations across Beijing, Shanghai, Guangzhou, and Shenzhen, accumulating over 800,000 customers. The company gained significant visibility during promotional events such as the "Double Twelve" shopping festival, achieving peak daily sales of approximately 400,000 cups in a single day. Coffee Box completed multiple funding rounds led by prominent venture investors Qiming Venture Partners and Gaorong Capital. A Series B+ round closed with approximately USD 25 million (CNY 158 million) and a Series B-III round on April 24, 2019 raised CNY 206 million at a CNY 1 billion post-money valuation. |
Who has invested in Coffee Box?
2 investors have backed Coffee Box across its funding rounds, including Qiming Venture Partners and Gaorong Capital.
Lead investors include Qiming Venture Partners.
Coffee Box Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialCoffee Box Competitors
Coffee Box competitors include listed companies like Demae-Can and 1stdibs.com, and private ones like Huajuan Mall, Ozzi Food, Swish and ChowNow.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Beijing | Private | - | - | $150M | - | |
 Skopje | Private | - | - | $122M | - | |
 Bangalore | Private | $2M | - | $175M | - | |
 Los Angeles, CA | Private | - | - | $115M | - | |
 Japan | Publicly listed | $255M | ($32M) | $113M | - | |
| United States | Publicly listed | $90M | ($12M) | $140M | 1.0x |
Coffee Box Public Comps
Coffee Box is still privately-owned, but its public comps include Multitude, Bytetravel, 1stdibs.com, Gakujo, HomeToGo, Autoserver Co, North Media, Saramin, Dida and Rakumachi.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $277M | $33M | - | - | - | - | |||
| $22M | $646K | 6.1x | - | 210.4x | - | |||
| $90M | ($12M) | 1.0x | 1.0x | (7.2x) | 53.4x | |||
| $71M | $18M | 1.6x | 1.5x | 6.3x | - | |||
| $294M | ($83M) | 0.5x | 0.3x | (1.7x) | 4.2x | |||
| $42M | $18M | 1.3x | 1.3x | 3.1x | - | |||
| $200M | $22M | - | - | - | - | |||
| $88M | - | 0.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all Coffee Box competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Coffee Box
| When was Coffee Box founded? | Coffee Box was founded in 2012. |
| Where is Coffee Box headquartered? | Coffee Box is headquartered in Shanghai, China. |
| Is Coffee Box publicly listed? | No, Coffee Box is a private, VC-backed company. |
| What is Coffee Box's valuation? | Coffee Box was last valued at $145M in its Series B in April 2019. |
| How much funding has Coffee Box raised? | Coffee Box has raised $119M across 2 funding rounds. |
| What was Coffee Box's last funding round? | Coffee Box's last funding round was a $31M Series B in April 2019. |
| Who are Coffee Box's investors? | Coffee Box's investors include Gaorong Capital and Qiming Venture Partners. |
| Which companies are comparable to Coffee Box? | Companies comparable to Coffee Box include Huajuan Mall, Ozzi Food, Swish, ChowNow, Demae-Can and 1stdibs.com. |
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