The Barcelona-based small format coffee shop and kiosk start-up is seeking to launch in more European cities in 2023 following its international debut in Paris last year
GoodNews currently has 23 sites across Barcelona, Madrid and Paris, where it debuted in March 2022 | Photo credit: GoodNews
Fresh from raising €11m ($12m) for to expand its coffee kiosk and subscription service, Spain’s GoodNews is targeting market entries in Germany, the Netherlands and the Nordics.
The company operates a combination of coffee kiosks and bricks-and-mortar stores, and currently has 23 sites across Barcelona, Madrid and Paris, where it debuted in March 2022.
CEO and Co-founder Jan Barthe said GoodNews is pursuing European expansion by city rather than by country and cited Berlin and Amsterdam, capital cities with higher GDP, as target markets.
The company also plans to reach Nordic countries but has not disclosed specific cities for expansion.
The company, which launched in September 2022, says its take-away coffee is 30-35% cheaper than international chains, such as Starbucks and Costa Coffee.
In September 2022, GoodNews said it would use its €11m ($12m) funding to enhance its digital subscription service and diversify its product offer to include its own range of healthy beverages.
In November 2022, GoodNews partnered with Madrid-based nutrition start-up Baïa Food to offer vitamin supplements in all its coffees.