What is Provi?
Founded in 2016 in Chicago, Provi operates as a fast-growing B2B eCommerce marketplace designed to streamline transactions within the beverage alcohol sector. The platform provides retailers with a comprehensive, contactless digital solution for placing beverage orders 24/7, thereby enhancing operational efficiency and communication between retailers and distributors. Provi's digital transformation efforts are reshaping how businesses in this traditional industry conduct their operations, offering a modern, technology-driven alternative to conventional ordering methods.
How much funding has Provi raised?
Provi has raised a total of $103.5M across 3 funding rounds:
Angel/Seed
$3.5M
Series B
$25M
Series C
$75M
Angel/Seed (2018): $3.5M, investors not publicly disclosed
Series B (2021): $25M led by Computer Programs Marketing Group, Bessemer Venture Partners, and Nosara Capital
Series C (2021): $75M supported by Nosara Capital, Hyde Park Angels, Bessemer Venture Partners, Nilam Ganenthiran, D1 Capital Partners, and Computer Programs Marketing Group
Key Investors in Provi
Nosara Capital
Nosara Capital is a venture capital firm specializing in global online marketplaces, focusing on identifying and supporting innovative marketplace businesses to foster growth in the sector.
Bessemer Venture Partners
Bessemer Venture Partners is a well-established venture capital firm with a long history, known for its investments across various technology sectors and geographies.
Computer Programs Marketing Group
Computer Programs Marketing Group provides software solutions for various platforms, emphasizing innovative products, 24/7 support, and customer-driven improvements for industries like insurance and banking.
What's next for Provi?
The substantial enterprise-level capital infusion positions Provi for accelerated expansion and further development of its B2B eCommerce platform. With a focus on scaling its operations and enhancing its market penetration, Provi is poised to solidify its leadership in the beverage alcohol tech space. Future strategic initiatives are likely to involve expanding its network of retailers and distributors, enhancing platform features, and potentially exploring new market segments or geographical regions. This significant backing suggests a clear path towards further innovation and market dominance.
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