The Barcelona-based company is seeking to further diversify its coffee kiosk and subscription service across Europe with new brick-and-mortar store launches and a new healthy beverage range
GoodNews expects to reach 40 locations by the end of 2022 with expansion into new European cities | Photo credit: GoodNews
GoodNews has raised €11m ($11m) for its coffee kiosk and subscription service and is targeting further expansion across Europe.
Launched in Barcelona during the pandemic in 2020, GoodNews seeks to convert traditional newsstands into on-the-go coffee kiosks. The company, which has since expanded to brick-and-mortar stores, currently operates 21 locations across Barcelona, Madrid and Paris.
GoodNews expects to reach 40 locations by the end of 2022 with expansion into new European cities, but will also use the funding to enhance its digital subscription service and diversify its product offer with its own range of healthy beverages.
“We can already confirm that it has become the main coffee startup in Europe, both in terms of the volume of investment captured and for its influence and innovation in its business model. The coffee and healthy beverage industry is experiencing a true revolution and our mission is to lead the revolution in Europe. In recent years, the focus has been on the origin of coffee. Now we believe that the time has come to focus on how coffee can add value to human health,” said Jan Barthe, CEO and Co-Founder, GoodNews.