Blank Street Coffee, a popular New York-based chain renowned for its vibrant matcha and coffee beverages, is set to make its Los Angeles debut this summer. With an ever-growing fan base on social media, the chain is expanding its reach to the West Coast.
Blank Street plans to open new locations in Beverly Hills and Studio City, both of which are scheduled to launch in June, according to Time Out.
This marks Blank Street’s first venture into the West Coast market. Since its inception in 2020 in New York, the chain has expanded rapidly, boasting nearly 100 locations across the East Coast and the U.K.
The brand has garnered a dedicated following on platforms like TikTok and Instagram for its visually stunning matcha drinks, which are infused with rich dessert and fruit flavors.
In a bid to fuel further growth, the company is reportedly in preliminary discussions to secure $100 million or more in new funding, as noted by the Financial Times.
The brand was valued at approximately $500 million last year and is projected to reach a valuation nearing $1 billion as part of this funding round, according to the publication.
Key Takeaways
- Blank Street Coffee will open its first two locations in Los Angeles this June.
- The new spots will be in Beverly Hills and Studio City.
- The chain has expanded rapidly since its launch in 2020 and currently operates nearly 100 locations.
- Blank Street is especially popular on social media for its colorful matcha drinks.
- The company is seeking to raise $100 million in funding to further its expansion.
- The brand’s valuation could reach close to $1 billion in the next funding round.
FAQ
When will Blank Street Coffee open in Los Angeles?
The new locations in Beverly Hills and Studio City are set to open in June.
How many locations does Blank Street Coffee currently have?
Blank Street Coffee has nearly 100 locations on the East Coast and in the U.K.
What types of drinks is Blank Street Coffee known for?
The chain is well-known for its vibrant matcha drinks, which feature dessert and fruit flavors.
Is Blank Street Coffee planning more expansions?
Yes, the company is in discussions to secure additional funding to support its continued growth.
Blank Street Coffee’s expansion into Los Angeles is an exciting development for both the brand and coffee enthusiasts in the area. With its signature colorful drinks and a rapidly growing presence, it promises to make a significant impact on the local coffee culture.
