Coffi Lab secures £1.7m from the Development Bank of Wales to fund expansion
The Development Bank of Wales has backed dog-welcoming coffee shop chain Coffi Lab with £1.7m to accelerate its regional expansion.
Coffi Lab operates a growing network of community-focused, dog-welcoming coffee shops across South Wales and South-West England. The company provides speciality coffee and fresh food in relaxed neighbourhood venues.
Coffi Lab has secured £1.7m in funding from the Development Bank of Wales to accelerate its expansion across South Wales and South-West England. The transaction was advised by Grant Thornton Corporate Finance.
Established in 2021 by former Coffee#1 founder James Shapland, the dog-welcoming coffee chain currently operates multiple sites, with further openings planned in Bristol and beyond. The fresh capital will support the company's rollout and is projected to create 40 new jobs over the next 12 to 18 months.
Grant Thornton acted as lead financial advisor to the company on the deal, which follows previous investments in the company's central roastery, bakery and kitchen infrastructure.
From the founder
"The investment we’ve had from the Development Bank of Wales means we’ll be able to leverage our investment, speeding up our roll out to bring our Labs to even more communities across Wales and beyond."
James Shapland
Owner and CEO at Coffi Lab
Investor perspective
"Coffi lab has gone from strength to strength and have established a strong Welsh brand which has proven popular within their local communities. We were extremely impressed by the track record, strength and talent within the management team and are delighted to support their growth with this major equity investment."
Bethan Cousins
New Investments Director, Development Bank of Wales
Use of funds
- 01Grow the team
- 02Expand into international markets
