Minicoffee

About Minicoffee

Based in Beijing, China, Minicoffee, also known as Xiaoca Coffee and formerly as Beijing Shiji Technology Co., Ltd., was established in 2017. The company operates in the food tech sector, focusing on providing intelligent, self-service coffee solutions to a variety of B2B clients.

Minicoffee develops and operates smart coffee machines intended for public and office use. These machines are placed in high-traffic commercial locations such as office buildings, car dealerships, educational institutions, hotels, and restaurants. The core of their service is offering convenient, high-quality coffee beverages through self-service equipment. The machines are equipped with sensors that monitor the volume of coffee dispensed and automatically notify personnel when supplies like coffee grounds need replenishment.

The company's business model revolves around a coffee-as-a-service structure, generating recurring revenue. Clients are not charged upfront for the high-end coffee machines; instead, they are billed on a per-cup subscription basis. Minicoffee has secured significant financial backing, raising a total of $62.7 million over two funding rounds. The latest of these was a Series B round on June 16, 2023, which raised $62.7 million, led by Qingwang Capital. Other investors include Shenzhen Holdings, Dark Horse Ventures, and Blue Maple Ventures.