PickUp Coffee is a technology company.
PickUp Coffee has raised $40.0M across 1 funding round.
PickUp Coffee has raised $40.0M in total across 1 funding round.
PickUp Coffee has raised $40.0M in total across 1 funding round.
PickUp Coffee's investors include Foxmont Capital Partners, Openspace Ventures, Kunal Shah.
Pickup Coffee is a fast-growing Philippine coffee shop chain that builds a network of grab-and-go stores offering premium, affordable beverages with tech-enabled convenience like mobile pre-ordering, payments, loyalty programs, and a dedicated app for orders and delivery.[1][2][3][6] It serves busy urban consumers—such as commuters, office workers, and students—in high-traffic locations, solving the problem of long wait times for quality coffee by blending affordability, speed, and quality in a local brand.[1][3] From its 2022 launch, it scaled to 60 stores in year one, 300 by late 2024, and over 430 in the Philippines plus 32 in Mexico by mid-2025, with a $130 million valuation post-Series A1 funding, rivaling established chains through exponential growth and international expansion.[1][2][4]
Pickup Coffee was founded in February 2022 by Jaime Gonzales, Bien Lee, Diego Lorenzo, and Miguel Macaalay, starting as a delivery-centric venture before opening its first outlet in June 2022 at Uptown Mall in Bonifacio Global City, Taguig.[2] Jaime Gonzales, originally from Spain with a background in aerospace, McKinsey consulting in the Philippines, and founding local startups, partnered with Diego Lorenzo, whose market insights complemented Jaime's operational expertise; they met through Foxmont Capital, fueling the idea to disrupt coffee access.[1] Early traction came rapidly: expansion from Metro Manila to Cebu by March 2023, Series A1 funding from Southeast Asian investors valuing it at $130 million by April 2023, a mobile app launch in mid-2024, and entry into Mexico by December 2023.[1][2][4]
Pickup Coffee rides the wave of tech-enabled QSR disruption in emerging markets, where mobile-first ordering and data-driven ops meet rising demand for on-the-go premium food/beverages amid urbanization and digital adoption in Southeast Asia and Latin America.[1][6] Timing aligns with post-pandemic shifts to convenience and affordability, as consumers in the Philippines (a growing coffee market) and Mexico seek local alternatives to global chains; market forces like high smartphone penetration and delivery boom favor its app-centric model.[2][4] It influences the ecosystem by proving scalable tech (e.g., Shuru's data pipelines) can fuel offline expansion for F&B startups, inspiring home-grown brands to blend physical stores with digital loyalty for broader accessibility.[1][6]
Pickup Coffee's momentum—over 460 stores across two countries, app optimizations, and premium concepts—positions it to dominate as the #1 fast beverage brand in the Philippines while scaling internationally, potentially targeting more Latin American markets like Mexico's 30+ stores.[3][4] Trends like AI-driven personalization, further QSR digitization, and sustainable sourcing will shape its path, with rotating exclusives and data insights driving retention amid competition.[5][6] Its influence may evolve from local disruptor to regional powerhouse, redefining accessible premium coffee and uplifting daily routines—one tech-savvy pickup at a time, echoing its mission to make quality ubiquitous.[1][3]
PickUp Coffee has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Series A in April 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2023 | $40.0M Series A | Foxmont Capital Partners, Openspace Ventures, Kunal Shah |