New York-based espresso store instrument supplier Dripos closed an $11 million Sequence A investment spherical led via San Francisco-based tech funding company Base10.
Based via Jack Pawlik and Avery Durrant, Dripos stays targeted squarely at the espresso store marketplace, providing a instrument platform that integrates a lot of purposes and gear, together with for level of sale (POS) and cellular bills, worker control and payroll, loyalty and advertising and marketing automation, and accounting and banking management.
The corporate says that during 2023, the choice of espresso store places the use of the platform expanded via 400%, with places in 46 U.S. states.
In a press unencumber from Dripos the day before today, one of the crucial platform’s customers named person instrument suppliers — together with Toast and Sq. — claiming that their products and services don’t seem to be as complete for espresso store operations.
“Espresso store house owners have lengthy grappled with the problem of juggling 5-10 instrument answers to fulfill their operational wishes,” Dripos Co-Founder and CEO Pawlik mentioned in the similar announcement. “With Dripos, we’re empowering espresso retail outlets to ditch their earlier tech stack for the primary true all-in-one answer, revolutionizing the way in which they do trade.”
No longer named within the press unencumber was once some other New York-based espresso store POS and trade answers supplier Odeko — possibly a right away competitor to Dripos within the espresso store sphere — which as of April 2023 had raised roughly $177 million in personal fairness investment.
Base10, the chief of the Dripos Sequence A, has in the past invested in food-tech-related firms reminiscent of Clean Side road, Instacart, All Day Kitchens and Popmenu.
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