About Bevi
Bevi is a company based in Boston (United States) founded in 2013 by Sean Grundy. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). Bevi has raised $135.53 million across 9 funding rounds from investors including Bessemer Venture Partners, TD Securities and MassCEC. The company has 102 employees as of December 31, 2022. Bevi offers products and services including Standup 2.0, Countertop, Standup 1.5, and Flavors & Enhancements. Bevi operates in a competitive market with competitors including Byte Technology, Lavit, Lambda Tea Corporation, Hydro-Photon and Stonehouse Water, among others.
- Headquarter Boston, United States
- Employees 102 as on 31 Dec, 2022
- Founders Sean Grundy
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Sectors
ConsumerRetail Environment Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hydration Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$135.53 M (USD)
in 9 rounds
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Latest Funding Round
$75.21 M (USD), Series D
Aug 09, 2022
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
102
as on Dec 31, 2022
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Products & Services of Bevi
Bevi offers a comprehensive portfolio of products and services, including Standup 2.0, Countertop, Standup 1.5, and Flavors & Enhancements. 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.
Freestanding smart water cooler with customizable hydration options.
Compact bottleless water dispenser for smaller business spaces.
Refurbished water cooler designed for sustainable hydration solutions.
Customizable flavors and enhancements for healthier hydration choices.
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Software Development Team
25 people
Leadership Team
7 people
Operations Team
6 people
Product Management Team
6 people
Senior Team
4 people
Human Resources and Administration
2 people
Creative and Marketing Team
2 people
Finance and Accounting
2 people
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Funding Insights of Bevi
Bevi has successfully raised a total of $135.53M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $75.21 million completed in August 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 9
- Last Round Series D — $75.2M
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First Round
First Round
(28 Aug 2013)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series D - Bevi | Valuation | Cowen |
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| Jan, 2019 | Amount | Series C - Bevi | Valuation | Bessemer Venture Partners | |
| Jul, 2017 | Amount | Series B - Bevi | Valuation | Trinity Ventures |
| 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 Bevi
Bevi has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, TD Securities and MassCEC. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Horizons Ventures is focused on investing in deep science and technology.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage technology and real estate companies.
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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 Bevi
| 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 - Bevi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Bevi Comparisons
Competitors of Bevi
Bevi 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 Byte Technology, Lavit, Lambda Tea Corporation, Hydro-Photon and Stonehouse Water, 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 |
Smart vending machines for fresh packaged foods are provided.
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| domain | founded_year | HQ Location |
Single-serve cold beverage systems are provided using recyclable capsules.
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| domain | founded_year | HQ Location |
Self-serve bubble tea machines are manufactured for vending operations.
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| domain | founded_year | HQ Location |
Developer of an ultraviolet technology for providing water treatment solutions
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| domain | founded_year | HQ Location |
IoT enabled water purification system manufacturer
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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 Bevi
Frequently Asked Questions about Bevi
When was Bevi founded?
Bevi was founded in 2013.
Where is Bevi located?
Bevi is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Bevi?
Sean Grundy is the current CEO of Bevi. They have also founded this company.
Is Bevi a funded company?
Bevi is a funded company, having raised a total of $135.53M across 9 funding rounds to date. The company's 1st funding round was a Series B of $16.5M, raised on Aug 28, 2013.
How many employees does Bevi have?
As of Dec 31, 2022, the latest employee count at Bevi is 102.
What does Bevi do?
Bevi is engaged in offering smart water dispensers and coolers for various commercial spaces including offices, hotels, gyms, and healthcare facilities. Solutions are provided through innovative bottleless systems that connect to existing water supplies, delivering filtered and customizable hydration options. Sectors served include retail, manufacturing, airports, and universities, with a focus on sustainability by reducing plastic waste. Products like Standup 2.0 and Countertop models are designed to fit diverse business environments with advanced filtration and flavor enhancements.
Who are the top competitors of Bevi?
Bevi's top competitors include Byte Technology, Lavit and Stonehouse Water.
What products or services does Bevi offer?
Bevi offers Standup 2.0, Countertop, Standup 1.5, and Flavors & Enhancements.
Who are Bevi's investors?
Bevi has 10 investors. Key investors include Bessemer Venture Partners, TD Securities, MassCEC, Techstars, and Horizons Ventures.
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