Flash Coffee, a Jakarta-based coffee chain, has raised US$3 million in a funding round led by TA Ventures, with participation from White Star Capital.

The funds will support its expansion across Indonesia. The company aims to operate over 70 stores nationwide by 2025 and enter two new cities.

All existing locations are currently profitable, with revenues per store doubling in the past year.

Flash Coffee reported an average EBITDA of 22% across its stores, while newer locations are achieving 36%.

The funding will also help implement a new store design concept using local materials and greenery.

TA Ventures cited Indonesia’s changing consumer preferences as a key reason for its investment.