Wakuli, an Amsterdam-based specialty coffee company, has successfully raised €5.2 million in a Series A funding round led by Icecat Capital. This investment aims to support the expansion of Wakuli's retail footprint in the Netherlands and bolster its e-commerce operations. Since its inception in 2019, Wakuli has focused on sustainability and ethical sourcing of coffee. It began as a home delivery service and opened its first physical store in Amsterdam in September 2022. Currently, the company operates seven stores and plans to open eight more within the year. Additionally, Wakuli has amassed over 40,000 customers through its direct-to-consumer e-commerce and subscription services. The funding will also facilitate future growth plans, including potential expansion into neighboring countries.
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