Vietnamese coffee startup Every Half Coffee Roasters (Every Half) has secured capital in a funding round led by Openspace Ventures, while Malaysia’s Cradle Fund and VentureTECH have partnered to bolster the country’s startup ecosystem.
Vietnam’s Every Half Coffee secures funds
Vietnamese coffee startup Every Half Coffee Roasters (Every Half) has secured investment capital led by Openspace Ventures, with participation from DSG Consumer Partners, according to an announcement.
Founded in 2021 by Tran Le Minh Truc and Vo Duy Phu, Every Half began as a coffee roaster and has since expanded into a chain of coffee retail stores in Ho Chi Minh City.
Every Half operates eight branches currently. The stores offer specialty coffee beans sourced from both local and foreign farmers.
The company collaborates with farmers to cultivate coffee varieties that are resilient to climate change, such as Starmaya, Marsellesa, and Centroamericano H1 in Dien Bien; Liberica in Pleiku and Dak Lak; and Fine Robusta.
Every Half is also backed by Phoenix Holdings, a family investment office in Vietnam. Phoenix Holdings is owned by a well-known business couple in the country—the daughter and son-in-law of former Prime Minister Nguyen Tan Dung.
Phoenix Holdings’ fintech investments include digital bank Timo, fintech company Kredivo, earned wage access startup Interloan and e-wallet Moca.
Openspace is a venture capital firm finding and backing Southeast Asian companies. It has six funds deploying $800 million in committed capital across both the early and growth stage.
DSG Consumer Partners is India & Southeast Asia’s first consumer-focused venture capital fund. Over the past 10 years, the firm has partnered and backed over 80 brands.
Cradle Fund, VentureTECH partner to support Malaysia’s startups
Malaysia’s Cradle Fund and VentureTECH have partnered to bolster the country’s startup ecosystem through structured discussions between government and private sector fund providers.
This strategic collaboration, announced by the Ministry of Science, Technology and Innovation (MOSTI), is part of the Fund Funnel programme, which aims to address the lack of continuous financial coverage from early-stage to later-stage funders.
This gap has been recognised as a significant barrier to growth, as highlighted in the Malaysia Startup Ecosystem Roadmap (SUPER) 2021-30.
The collaboration between Cradle and VentureTECH directly tackles this issue by creating a more streamlined and unified funding process for startups, ensuring a seamless transition from early-stage to later-stage investments.
In addition to capital investment, the firm offers strategic support, mentorship, and industry connections, with the goal of nurturing innovative ideas that show high growth potential and scalable business models for long-term sustainability.
