Feb 06, 2023 02:19 PM (GMT+8) · EqualOcean
Chinese new coffee brand Lucky Cat Coffee (Chinese: 幸猫咖啡) completed a Series A funding round on February 2, 2023, raising USD 15 million from Bit Origin (Nasdaq: BTOG). With the proceeds, the company plans to improve brand awareness, increase domestic market share, enhance supply chain management, and recruit talent for business operations. Established in December 2020, Lucky Cat Coffee sells freshly ground coffee, baked goods and other beverages. It completed an angel round of funding of CNY 25 million (USD 3.7 million) in December 2022.