Algebraist Coffee
Chinese specialty coffee chain with minimalist store designs.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY20.0m | Series A | |
| Total Funding | 000k | ||
Algebraist Coffee is a specialty coffee chain founded in Suzhou, China, in 2015 by Dai Yi. Initially known as MATRIX Coffee, the brand was upgraded and renamed in 2019 to Algebraist Coffee, positioning itself as a provider of high-quality, mid-priced coffee within an aesthetically curated atmosphere. The company uses scientific and mathematical methods to develop its coffee production plans, sourcing beans globally to ensure quality.
The company's business model has evolved from being purely self-operated to a franchise-based system, which now constitutes the core of its operations. As of early 2025, the brand has expanded to over 150 stores across China. Algebraist is recognized for its unique store designs, often collaborating with design firms like STILL YOUNG to create distinct, contemporary spaces that reflect local culture under a "one store, one style" concept. These stores feature minimalist and avant-garde designs, sometimes using innovative materials like 3D-printed facades to attract customers.
Financially, Algebraist Coffee has navigated several funding rounds, securing investments from notable firms including Wuyuan Capital, Genesis Capital, Tencent Investment, and SND Ventures Group. The total funding has surpassed RMB 200 million (USD 28 million). After a period of rapid expansion followed by strategic contraction during the pandemic, the company achieved monthly profitability and positive cash flow in the third quarter of 2024. The business focuses on a 'consumption upgrade for the mass market' strategy, balancing its specialty coffee identity with streamlined pricing and supply chain efficiency. The menu features creative specialty drinks, such as the popular Kiri French cheese latte series and a rose breve latte, alongside traditional coffee offerings.
Keywords: specialty coffee, Chinese coffee chain, franchise coffee, minimalist design, cafe chain, beverage industry, venture capital, retail coffee, Suzhou startup, Dai Yi, boutique coffee, coffee shop design, consumer brand, aesthetic cafes, innovative retail, food and beverage, specialty beverages, coffee franchise model, Asian coffee market, chain stores