Blank Street has raised $20 Million in a Series B Round.
According to filings with the U.S. Securities and Exchange Commission, Blank Street has raised $20 Million in new funding. Sources indicate that as part of senior management Co-Founder Vinay Menda and CEO/Co-Founder Issam Freiha played key roles in securing the recent investment. This strategic round will allow the company to further invest in building an iconic brand through new offerings that improve the Blank Street experience, including perfected cold brew, an enhanced Regulars program to build on customer loyalty, new hot food items, and improved in-store and app experiences for customers and baristas. Current investors include HOF Capital, Left Lane Capital, General Catalyst and Tiger Global. In 2021, Blank Street raised $67M, including a $25M Series A. The round was supported by strategic investors, including Warby Parker founders Neil Blumenthal and Dave Gilboa, Harry’s founder Jeff Raider and Allbirds founder Joey Zwillinger.
About Blank Street
Blank Street is a small-format coffee shop with big dreams. Our mission is to reinvent local commerce to better serve our customers, our neighborhoods, and our planet. We’re starting with our own specialty coffee brand built on top of next-generation electric street carts and micro kiosks, while powering our customer experience through mobile ordering. Our vision is to empower local businesses around the world with the same operating tools & technology, making their goods more accessible for people to discover and love. Since opening the first Blank Street cart in Williamsburg, Brooklyn in August 2020, the brand has expanded to 68 locations across four cities, including New York, London, Boston and Washington D.C., serving over a million customers and brand loyalists. Blank Street currently employs over 300 baristas around the world.
To learn more about Blank Street, visit http://www.blankstreet.com/
Contact:
Vinay Menda, CEO/Co-Founder
917-717-8716
https://www.linkedin.com/in/vinaymenda/
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