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Philippine startup Pickup Coffee gets $40m in new funds

Go-Ventures, backed by Indonesia's GoTo, leads Series A1 investment round

Philippine startup Pickup Coffee began as a delivery-only brand serving locations around Metro Manila. (Screenshot from Pickup Coffee's website) 

CEBU, Philippines -- Philippine grab-and-go coffee startup Pickup Coffee has confirmed raising $40 million so far in its latest funding round.

Earlier on Friday, DealStreetAsia reported that the company had secured $30.75 million in fresh funding, based on filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA).

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