Alpha JWC lifts Kopi Kenangan stake as revenue jumps 62%
What's the deal? Alpha JWCDealroom has a profile for this one. Try Dealroom →, an early backer of Indonesian coffee chain Kopi Kenangan, has increased its stake in the company as part of an ongoing late-stage funding round. It is joined by founder Edward TirtanataDealroom has a profile for this one. Try Dealroom → and existing investors Tybourne Capital ManagementDealroom has a profile for this one. Try Dealroom → and Horizons Ventures, both of which also raised their stakes.
Why now? Alpha JWC said it was lifting its exposure as Kopi Kenangan entered its next growth phase. The firm disclosed the move in a post on Wednesday but did not reveal other details, including the round's size or valuation.
The numbers: Kopi Kenangan's revenue grew 62% year on year in the first half of 2026. Its earnings before interest, tax, depreciation and amortization (EBITDA) rose 86% in the second quarter.
What's the endgame? Founded in 2017, Kopi Kenangan sells affordable, app-ordered coffee and now runs more than 1,500 outlets across seven markets. It has opened 221 this year alone.
The backstory: The chain became Southeast Asia's first "new retail" food-and-beverage unicorn in 2021, topping a $1 billion valuation. It has raised about $240 million to date from investors including Peak XV Partners, the former Sequoia Capital IndiaDealroom has a profile for this one. Try Dealroom → arm.
The signal: Alpha JWC said the round has drawn interest from institutional investors, a sign that scaled Southeast Asian consumer brands can still attract capital. Doubling down on an early bet during a growth phase points to confidence in Kopi Kenangan's path beyond Indonesia.
Image credit: coffee-rank
