COFE Tech closes pre-IPO round at $178 million valuation

Kuwait-founded enterprise technology company COFE Tech, formerly COFE App, has closed a pre-IPO funding round at a $178 million valuation, co-led by Wa’ed Ventures, Aditum Investment Management, Masarrah Investment Company and Alyasra Foods. The value of the investment was not disclosed. Founded in Kuwait in 2018 by Ali Al-Ebrahim, COFE has evolved from a consumer coffee marketplace into an enterprise technology company that provides AI-powered procurement and commerce infrastructure, alon