We have advised the Development Bank of Wales on a £1.7 million investment in Coffi Lab, a popular coffee chain serving communities across South Wales and South-West England. Known for its welcoming, dog-friendly environment, Coffi Lab offers exceptional coffee and high-quality food, making it a go-to destination for customers and their four-legged friends.
Coffi Lab currently has five coffee shops in Cardiff and the surrounding areas, two in Monmouthshire and two in England, with a third opening in Bristol soon.
Thanks to investment from the Wales Flexible Investment Fund, Coffi Lab owner James Shapland plans to open a number of new Labs in South Wales and the south-west of England.
Image used under licence from the Development Bank of Wales.
James said:
“When I started Coffi Lab it began with an introspection of what mattered to me. Inspired by my beautiful Fox Red Labrador Dylan, I wanted to create a space where we could welcome dogs with open arms. We focus on exceptional coffee, warm hospitality and quality food led by taste and provenance.”
Commenting on the investment, Bethan Cousins, New Investments Director at the Development Bank of Wales, said:
“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.”
Corporate / Commercial Partner Greg Williams led our team on the the deal, assisted by Solicitor, Tomas Stephens.
Tomas said:
“We are delighted to have advised Development Bank of Wales on their investment in Coffi Lab to support the chain’s expansion plans. This investment will foster much needed community growth and represents a step forward in supporting local businesses.”
