M Stand, a fast-growing Chinese coffee chain, has completed a Series B funding round exceeding 500 million Yuan, positioning itself as a profitable and innovative leader in the coffee industry.
Target Information
M Stand, an emerging coffee chain brand in China, has successfully secured over 500 million Yuan in a Series B funding round. This new investment marks one of the largest rounds of financing in the coffee sector during this period, with Black Ant Capital and Qicheng Capital leading the investment, followed by Gaorong Capital. Existing shareholders CMC Capital and Challenger Capital have also increased their stakes. The chief financial advisor for this round was ECA Capital, with Anyu Consumer also providing advisory services.
The funds raised will primarily be allocated towards building a top-tier talent team, strengthening the supply chain system, upgrading the intelligent information digital platform, and accelerating the nationwide expansion of physical stores. Earlier this year, in January, M Stand announced the completion of over 100 million Yuan in Series A financing, led by CMC Capital.
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Industry Overview
The coffee industry in China has undergone significant transformation in recent years and has witnessed explosive growth, particularly among younger consumers. As disposable incomes rise and urbanization accelerates, coffee has transitioned from being a luxury good to a daily
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黑蚁资本, 启承资本
invested in
M Stand
in 2023
in a Series B deal
Disclosed details
Transaction Size: $72M