Coffee Chain Nowwa Raises $31.5M Across Two Rounds

12/09/21, 10:31 AM

Money raised

$31.5 million

Chinese coffee chain NOWWA announced on Thursday that it has pocketed a total of 200 million yuan across Series B and Series B+ rounds of financing to fuel its expansion beyond its current network of over 1,500 shops across 20 cities.

Company Info

Company

Nowwa

Additional Info

NOWWA was founded in June 2019 by Guo Xingjun, a former executive at Ele.me, the online food delivery firm acquired by Chinese e-commerce giant Alibaba Group in 2018.