SG-based bean-free coffee supplier Prefer raises US$2m in seed funding round
500 Global and SEEDS Capitals were amongst the startup’s investors.
Singapore startup Prefer raised US$2m in its seed round, participated by 500 Global, A*ccelerate, Better Bite Ventures, Sopoong Ventures, SEEDS Capital, Entrepreneur First and Pickup Coffee.
Forge Ventures led the funding round.
Prefer provides bean-free coffee compatible with standard espresso machines to their business-to-business (B2B) customers, including cafes, coffee chains, distributors, and flavour houses.
Prefer also offers ready-to-drink bottled coffee for quick-service food businesses, events, and retail shelves.
The startup can produce a more suitable and affordable coffee through its proprietary fermentation technology, which upcycles surplus bread, soy pulp, and spent grain.
Prefer was founded by Jake Berber and Ding Jie Tan.