About Better Rhodes
Better Rhodes is a company based in Madison (United States) founded in 2019 by Daniel Stiller and Billy Poole.. Better Rhodes has raised $738 thousand across 2 funding rounds from investors including Clearco. Better Rhodes offers products and services including Non-Alcoholic Wines, Monthly Wine Club, Non-Alcoholic Beers, and Gift Cards. Better Rhodes operates in a competitive market with competitors including THRIVE Farmers, Qplash, Coffee Systems Hawaii, MyH2OSource and ZipCaff, among others.
- Headquarter Madison, United States
- Founders Daniel Stiller, Billy Poole
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Better Rhodes Co.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$738 K (USD)
in 2 rounds
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Latest Funding Round
$650 K (USD), Seed
Nov 21, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Better Rhodes
Better Rhodes offers a comprehensive portfolio of products and services, including Non-Alcoholic Wines, Monthly Wine Club, Non-Alcoholic Beers, and Gift Cards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Curated selection of alcohol-free wines for online purchase.
Monthly delivery of curated non-alcoholic wines subscriptions.
Variety of alcohol-free beers available for direct sale.
Electronic cards for purchasing non-alcoholic products online.
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Funding Insights of Better Rhodes
Better Rhodes has successfully raised a total of $738K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $650 thousand completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $650,000
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First Round
First Round
(08 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Better Rhodes | Valuation |
investors |
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| Dec, 2021 | Amount | Seed - Better Rhodes | Valuation | Clearco |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Better Rhodes
Better Rhodes has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Clearco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Revenue-based financing is offered to eCommerce and SaaS businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Better Rhodes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Better Rhodes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Better Rhodes Comparisons
Competitors of Better Rhodes
Better Rhodes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as THRIVE Farmers, Qplash, Coffee Systems Hawaii, MyH2OSource and ZipCaff, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Coffee is offered directly to consumers through an internet-first brand.
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| domain | founded_year | HQ Location |
Online platform offering multi-category non-alcoholic beverages
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| domain | founded_year | HQ Location |
Non-alcoholic beverages are retailed online from Honolulu.
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| domain | founded_year | HQ Location |
Manages an e-commerce store for bottled water, juices, and coffee products.
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| domain | founded_year | HQ Location |
App-based platform for delivering coffee, tea, energy drinks and breakfast items.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Better Rhodes
Frequently Asked Questions about Better Rhodes
When was Better Rhodes founded?
Better Rhodes was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Better Rhodes located?
Better Rhodes is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Who is the current CEO of Better Rhodes?
Daniel Stiller is the current CEO of Better Rhodes. They have also founded this company.
Is Better Rhodes a funded company?
Better Rhodes is a funded company, having raised a total of $738K across 2 funding rounds to date. The company's 1st funding round was a Seed of $88K, raised on Dec 08, 2021.
What does Better Rhodes do?
Better Rhodes was founded in 2019 in Madison, United States, as a platform specializing in alcohol-free products. Spirits, wines, beers, mixers, and soft drinks are offered, along with gifting options and subscription boxes. Free shipping is provided for purchases exceeding a minimum amount. The company operates in the non-alcoholic beverage sector, serving customers through its domain, betterrhodes.com. Leadership includes co-founders Daniel Stiller as CEO and Billy Poole.
Who are the top competitors of Better Rhodes?
Better Rhodes's top competitors include THRIVE Farmers, Coffee Systems Hawaii and Qplash.
What products or services does Better Rhodes offer?
Better Rhodes offers Non-Alcoholic Wines, Monthly Wine Club, Non-Alcoholic Beers, and Gift Cards.
Who are Better Rhodes's investors?
Better Rhodes has 1 investor. Key investors include Clearco.