Bahrain-based Dividend Gate Capital (DGC) are backing an app called Cofe that claims to make ordering coffee a fast and efficient process.
“The Arab world created the coffee house culture that spread globally. We are now looking to the evolution of coffee culture through Cofe,” said Khalid Al-Hammadi, CEO of DGC. “Forbes magazine has highlighted Cofe as one of the top 50 startups to watch in the Arab world. The app, which was conceptualized in Kuwait and developed in the Silicon Valley, connects coffee house chains and independent coffee roasters with coffee lovers via a seamless, easy and efficient user interface,” he added.
The Cofe app founded in 2017 has attracted venture capital investment from around the Arab world. These include Towell Holding International (Oman), a joint fund established by KFH Capital (Kuwait) with Cedar Mundi (Lebanon), KISP Ventures, Takamul Capital, Nizar Al-Nusif Sons Holding and Arab Investment Company (Kuwait).
Founder and CEO of Cofe Ali Al-Ebrahim said: “Today, we have a fast-growing state-of-the-art app that enables customers to order their favorite coffee from their favorite coffee house, and an app that has the potential to transform and grow our vendor’s revenue streams.”
