Lifestyle and coffee brand Harlan + Holden is reportedly finalising a US$12 million funding round that will help fuel its expansion strategy in Southeast Asia.

Founded in 2015 in Manila, Harlan + Holden operates retail stores across Indonesia and the Philippines, as well as its e-commerce site. The brand first started in clothing and later expanded into the specialty coffee scene.

The upcoming round is expected to draw backing from prominent angel investors and venture capital firms, potentially including Michael Soerijadji – co-founder of AC Ventures, Willix Halim – former CEO of e-commerce giant Bukalapak, and Trihill Capital, DealStreetAsia reported, citing sources with knowledge of the matter.

Proceeds from the round will be used to expand the brand’s store network and its presence in key regional markets. 

The fundraising comes at a time when investors continue to back Southeast Asia’s fast-growing coffee and tea sector. 

In March, the Philippines’ budget coffee chain Pickup Coffee reportedly secured up to $8 million in convertible notes from existing backer Venturi Partners and new investor Antler.

Indonesian mobile coffee startup Jago Coffee has raised $12.5 million in a Series B round led by Beenext in February.