General [ADDRESS] led a $75m Series B investment in Blank Street, valuing the fast-growing coffee and matcha chain at approximately $650m, according to a report by the FT. Existing investors including Left Lane Capital, General Catalyst, and Tiger Global participated in the round. Blank Street plans to expand into affluent parts of [ADDRESS], with new store openings lined up in [ADDRESS], [ADDRESS], and [ADDRESS], adding to a debut store in [ADDRESS].

The funding will also support a broader product range, including ice cream, matcha, and snacks aimed at afternoon trade. Founded in [ADDRESS] in 2020 by [PERSON_NAME], [PERSON_NAME], and [PERSON_NAME], Blank Street started as a single coffee cart before setting out to "reimagine what a coffee shop could be". The company favors small, low-capital sites in dense urban neighborhoods, automated equipment, and standardized processes to strip out costs.

That approach has taken it to more than 100 stores concentrated in [ADDRESS] and [ADDRESS], putting it in direct competition with incumbents such as Starbucks and Costa Coffee. The raise ranks in the top 5% of [ADDRESS] food Series B rounds over the past four years, a period covering 98 comparable deals. That appetite reflects a wider shift among consumer and technology investors toward physical retail, which many see as more insulated from the disruption that artificial intelligence is bringing to software and digital businesses.