About Provi
Provi is a company based in Chicago (United States) founded in 2015 by Taylor Katzman. It operates as a Two-Sided Marketplace. Provi has raised $140.11 million across 8 funding rounds from investors including Bessemer Venture Partners, Gener8tor and Nosara Capital. Provi offers products and services including Provi Platform. Provi operates in a competitive market with competitors including SevenFifty, Tealet, Storica Wines, Enovation Brands and Vinasset, among others.
- Headquarter Chicago, United States
- Founders Taylor Katzman
- Stage Minicorn
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Provi, Inc.
-
Annual Revenue
$00as on Oct 25, 2016
-
Net Profit
-
EBITDA
-
Total Equity Funding
$140.11 M (USD)
in 8 rounds
-
Latest Funding Round
$32.5 M (USD), Series C
Oct 06, 2023
-
Investors
Bessemer Venture Partners
& 8 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Provi
Provi offers a comprehensive portfolio of products and services, including Provi Platform. 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.
A platform for alcohol ordering and distributor connections.
Unlock access to complete
Funding Insights of Provi
Provi has successfully raised a total of $140.11M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $32.5 million completed in October 2023. 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 8
- Last Round Series C — $32.5M
-
First Round
First Round
(01 Jun 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series C - Provi | Valuation |
investors |
|
| Sep, 2021 | Amount | Series C - Provi | Valuation | Bessemer Venture Partners , Nosara Capital | |
| Jun, 2021 | Amount | Series B - Provi | Valuation | CPMG |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Provi
Provi has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Gener8tor and Nosara Capital. 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 |
|---|---|---|---|---|
|
Venture capital investments and support for entrepreneurs in technology and innovation sectors.
|
Founded Year | Domain | Location | |
|
Investment in online marketplaces is facilitated by Nosara Capital.
|
Founded Year | Domain | Location | |
|
Early-stage startups are funded through venture capital investments.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Provi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Provi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Provi Comparisons
Competitors of Provi
Provi 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 SevenFifty, Tealet, Storica Wines, Enovation Brands and Vinasset, 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 |
Alcohol distributors and buyers are connected through an online platform.
|
|
| domain | founded_year | HQ Location |
Wholesale Tea Marketplace
|
|
| domain | founded_year | HQ Location |
Sells premium Armenian wines through online stores and retail channels.
|
|
| domain | founded_year | HQ Location |
Multi-category alcoholic beverages are distributed through an e-platform.
|
|
| domain | founded_year | HQ Location |
Operates a marketplace for group buying targeted at wineries and vintners.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Provi
Frequently Asked Questions about Provi
When was Provi founded?
Provi was founded in 2015.
Where is Provi located?
Provi is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Provi?
Taylor Katzman is the current CEO of Provi. They have also founded this company.
Is Provi a funded company?
Provi is a funded company, having raised a total of $140.11M across 8 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jun 01, 2015.
What does Provi do?
Provi is managed as a B2B alcohol marketplace connecting bars, restaurants, and retailers with distributors, reps, and brands. The platform is designed to streamline beverage management by consolidating product discovery, communications, and ordering processes. It serves the food and beverage sector by enabling efficient sourcing and ordering from distributor catalogs. Solutions are provided to reduce operational friction for buyers and enhance visibility for brands and distributors. Accessibility is ensured anytime, supporting businesses in managing inventory and relationships effectively.
Who are the top competitors of Provi?
Provi's top competitors include SevenFifty, Cropify and Maverick Beverage Company.
What products or services does Provi offer?
Provi offers Provi Platform.
Who are Provi's investors?
Provi has 9 investors. Key investors include Bessemer Venture Partners, Gener8tor, Nosara Capital, Computer Programs Marketing Group, and Nilam Ganenthiran.
What is Provi's valuation?
The valuation of Provi is $750M as of Sep 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.