The self-serve coffee machine and vending unit operator will use the investment to scale and improve its Indonesian footprint ahead of international expansion in 2025
JumpStart Coffee operates approximately 2,000 self-serve coffee machines and vending units across Jakarta, Bandung and Surabaya | Photo credit: JumpStart Coffee
Indonesian startup JumpStart Coffee has closed a Series B funding round to scale its smart vending machine network across the country and prepare for international expansion in 2025.
Founded in 2018, JumpStart Coffee operates approximately 2,000 self-serve coffee machines and vending units across Jakarta, Bandung and Surabaya. The self-serve coffee machine and vending unit operator plans to expand to other major cities, including Java and Bali islands, within the next few months.
The funding round, led by Cool Japan Fund and Living Lab Ventures, will also enable JumpStart Coffee to explore new vending machine formats, enhance its vending technology and grow its staff count.
JumpStart Coffee’s smart vending machines serve a range of 20 hot and iced coffee beverages from a starting price of Rp 15,000 ($1). The units use artificial intelligence software to monitor sales data and manage stock levels.
In 2022, JumpStart Coffee also introduced its own brand of coffee products to the machines which can also be purchased online.
The company said that its revenue grew over 400% in the second half of 2022 compared to the same period in 2021.
The value of the funding round has not been disclosed. Cool Japan Fund said its investment will bring the sales of beverages and snacks from Japanese manufacturers to a wider range of Indonesian consumers.
In August 2022 fellow Indonesian coffee startup Jago completed a $2.2m pre-Series A funding round to expand its mobile café fleet. The Jakarta-based business has since outlined ambitious plans to expand its electric mobile coffee cart fleet to 10,000 by the end of 2026.