Blank Street Coffee, a popular chain that originated in New York, has captured the attention of coffee and matcha enthusiasts with its visually appealing beverages. This summer, the brand is set to expand its horizons by opening its first locations in Los Angeles.
Blank Street will establish new cafés in Beverly Hills and Studio City, both scheduled to debut in June, according to Time Out.
These will mark Blank Street’s first outlets on the West Coast. Since its launch in 2020, the company has rapidly expanded to approximately 100 locations across the East Coast and the U.K.
The chain enjoys a strong following on TikTok and Instagram, particularly for its vibrant matcha drinks that are infused with dessert and fruit flavors.
The company is currently in preliminary talks to secure over $100 million in new funding, which will fuel its growth, as reported by the Financial Times.
After being valued at $500 million last year, there is potential for the company’s valuation to soar to nearly $1 billion in this upcoming funding round, based on insights from the publication.
Key Takeaways
- Blank Street Coffee will open new locations in Beverly Hills and Studio City this June.
- This marks the brand’s expansion into the West Coast market.
- The chain rapidly grew to around 100 locations since its 2020 launch in New York.
- The company has gained popularity on social media for its colorful and creative matcha drinks.
- It is currently seeking over $100 million in new funding for further growth.
- Last year’s valuation stood at $500 million, with the potential to approach $1 billion.
FAQ
What types of drinks does Blank Street Coffee offer?
The chain is known for its matcha and coffee drinks, often featuring bright colors and unique flavor infusions.
Where is Blank Street Coffee located?
The initial locations in Los Angeles will be in Beverly Hills and Studio City.
When will the new locations open?
Both new locations are set to open in June.
What is the company’s growth plan?
Blank Street Coffee is currently seeking funding to support its expansion efforts.
How many locations does Blank Street Coffee currently have?
The company has approximately 100 locations mainly on the East Coast and in the U.K.
As Blank Street Coffee ventures into Los Angeles, it continues to build on its successful expansion story. With its vibrant drinks and strong social media presence, it aims to capture the hearts of coffee lovers on the West Coast.
