JumpStart Coffee gets fresh funding, targets overseas expansion

JumpStart Coffee / Photo credit: JumpStart Coffee

JumpStart Coffee, an Indonesian startup that makes smart coffee machines, has raised an undisclosed amount in a series B round led by Cool Japan Fund and Living Lab Ventures.

Founded in 2018, JumpStart specializes in manufacturing vending machines that can serve over 20 types of coffee and non-coffee drinks. The startup said it has installed 2,000 machines in the Greater Jakarta Area, Bandung, and Surabaya.

Brian Imawan, co-founder and CEO of JumpStart, said that it will use the fresh funds to increase the number and variety of its smart vending machines, enhance tech capabilities, as well as expand its team. It plans to go international in 2025.

Funding details

• Funding amount: Undisclosed
• Lead investors: Cool Japan Fund, Living Lab Ventures
• Stage: Series B

In 2022, JumpStart started selling other products such as food, clothes, medicine, cosmetics, and pet food. The firm also introduced its own brand of coffee products, which can be purchased online and in the smart machines.

The company said that its revenue grew over 400% in the second half of 2022 compared to the same period in 2021.

JumpStart plans to expand to other major cities in Indonesia such as those in Java and Bali islands in the middle of this year.

Cool Japan Fund says its investment in JumpStart Coffee will enable sales of goods, such as beverages and snacks, from Japanese manufacturers to a wider range of Indonesian consumers.

See also: Mapping SEA’s food tech players: Startups seize opportunities beyond food delivery

More details