Bevz, a Los Angeles, CA-based Software as a Service (SaaS) platform for independently operated and small chain liquor/convenience stores, has secured $3.1 million in its latest fundraising round.
SaaS Investors
The round was co-led by Dynamism Capital and Golden Section Ventures, with participation from Stage 2 Capital, Hustle Fund, Bridge Investments, Tiller Partners, Irish Angels, Operate Studio, Silicon Beach Investment Group, and Gryphon Ventures.
Dynamism Capital is a venture capital firm based in Brooklyn, New York. The firm prefers to invest in seed-stage, early-stage, and later-stage companies operating in the e-commerce, SaaS, and software sectors.
Golden Section is a venture capital fund and founder studio that invests in early-stage B2B SaaS companies. Founded in 2012 and based in Houston, Texas.
Bevz Use of Funds
The funding will be used to expand sales and marketing efforts, develop the product further, and enhance customer success resources, along with national expansion.
About Bevz
Bevz is a technology platform built for convenience stores, by convenience store owners. Bevz recently pivoted from a delivery app to a B2B SaaS platform, Its all-in-one solution allows convenience stores to purchase inventory from distributors, sign up with and combine multiple e-commerce apps (DoorDash, Uber Eats, Grubhub, etc.), and seamlessly manage inventory with hundreds of convenience stores using their SaaS platform across 10 states in the U.S.
Funding Details
Company: Bevz, Inc.
Raised: $3.1M
Round: Unknown
Funding Month: September 2023
Lead Investors: Dynamism Capital and Golden Section Ventures
Additional Investors: Stage 2 Capital, Hustle Fund, Bridge Investments, Tiller Partners, Irish Angels, Operate Studio, Silicon Beach Investment Group, and Gryphon Ventures
Company Website: https://www.bevz.com/
Software Category: Convenience Store Solution
Source: https://www.prnewswire.com/news-releases/bevz-leading-software-platform-for-liquor-and-convenience-stores-nabs-3-1m-in-funding-to-fuel-next-phase-of-growth-amidst-notably-difficult-fundraising-landscape-301930060.html