Blank Street is emerging as one of the most closely watched names in the new wave of urban coffee concepts, as it explores a funding round of more than $100m (£75.4m) to accelerate expansion
- tastemagazine
- Apr 10
- 1 min read
Updated: Apr 16
While discussions are still at an early stage and valuation figures remain unconfirmed, the business, last valued at around $500m (£375m), could approach a $1bn (£750m) valuation depending on the outcome of the deal.
Founded in 2020 in Brooklyn, Blank Street has scaled rapidly by tapping into younger, trend-driven consumer habits, with a strong focus on formats like matcha-based drinks and compact, high-footfall store locations.
Since entering the UK in 2022 with openings in Fitzrovia and Shoreditch, the brand has expanded to more than 50 locations nationwide, with further growth planned in cities including Brighton, Bristol and Liverpool. It is also set to open a site at the £500m Elephant & Castle redevelopment in London in summer 2026.
Backed by investors including Left Lane Capital, General Catalyst and Tiger Global, the company has also seen strong financial momentum, tripling turnover to nearly £36m in the 2024 financial year.
As established coffee operators navigate tougher trading conditions, Blank Street’s trajectory highlights the continued appetite for agile, design-led, digitally native food and beverage brands in urban markets.
