09/26/2022
We are excited to invest in Blank Street alongside Tiger Global in their $25M Series A! ☕️
Currently operating 15 locations throughout New York City with a goal of expanding to 100 by the end of 2022, Blank Street offers a variety of products, including those from Gertie bagels, King Street Baking Co., and King David Tacos, in addition to Parlor Coffee.
All these locations are technology-enabled, allowing Blank Street to streamline its operations through mobile payments for customers while offering premium food items at an affordable price. “[Our coffee] is 20-30% cheaper than Starbucks, and roughly the same as Dunkin’s,” Menda explained. “The main technology we use in stores, such as espresso equipment, is fully automatic, so baristas can focus most of their time engaging with customers, enhancing their in-store experience.”
Their latest partnership with Emma Chamberlain's coffee company brings limited edition recipes to three of Blank Streets locations in NYC.
The company now operates 14 locations in a mix of 700-square-foot brick-and-mortar spaces and mobile street carts. Each location hit profitability within two months after opening.