COFE Tech, a Riyadh-based company building digital tools for the coffee industry — spanning procurement, supply chain and business e-commerce — has secured a $178 million valuation in a pre-IPO funding round. The round was led by Saudi venture fund Wa'ed Ventures, with the announcement made at the LEAP 2026 tech conference in Riyadh.
Formerly known as the COFE App, the company has evolved into an enterprise platform focused on digitising the back-office side of coffee shops and retail chains, from ordering and inventory to payments. It plans to expand its procurement, supply chain and e-commerce offerings and is targeting a listing on the Saudi Exchange (Tadawul) by 2029.
The funding underscores growing Gulf investor interest in coffee-focused technology, against the backdrop of a fast-expanding regional coffee shop market.
Source: World Coffee Portal