Blank Street Coffee is in early discussions to raise $100mn or more in new funding, according to the Financial Times, in a deal that could value the chain at close to $1bn, roughly double its valuation from last year. The new capital would fuel expansion into new cities, including a recently announced push into Los Angeles. Blank Street is pitching itself as a fast-service brand built around the drinks that younger consumers want – namely matcha, cold brew and customized espresso.
Consumer Edge transaction data suggests the pitch has merit, particularly among young consumers. In the US, Blank Street’s share of total tracked coffee chain spend among 18–34 year olds has grown from 0.18% in Q2 2023 to 0.24% by Q4 2025, with a peak of 0.31% in mid-2025. The gains are concentrated in its target demographic.
Younger UK consumers are adopting Blank Street faster than their US counterparts
Blank Street launched in London in 2022 and expanded to more than 40 UK stores. The transaction data reflects that momentum: its share among UK 18-34 year olds has climbed from 0.20% in Q2 2023 to 0.76% by Q3 2025, a faster trajectory than it has achieved in the US over the same window. Among 35-54 year olds, UK share reached 0.34%, suggesting the brand is finding a broader audience in its second major market.
The broader shift
Blank Street’s progress sits within a wider generational reshuffling already visible within the largest coffee chains in Consumer Edge’s US transaction data. Among 18–34 year olds, Starbucks’ share has fallen by around 2 percentage points since 2023, while challengers have posted consistent gains, particularly 7 Brew and Scooter’s.
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