What is Provi?
Founded in 2016 in Chicago, Provi operates as a rapidly expanding B2B eCommerce marketplace tailored for the beverage alcohol sector. The company's digital platform provides retailers with a comprehensive, contactless solution for placing beverage orders 24/7. Provi aims to streamline operations and improve communication efficiency for both retailers and distributors within the industry, positioning itself as a key technology enabler in a traditionally fragmented market.
How much funding has Provi raised?
Provi has raised a total of $120.1M across 4 funding rounds:
Angel/Seed
$3.5M
Series B
$25M
Series C
$75M
Private Equity
$16.6M
Angel/Seed (2018): $3.5M, investors not publicly disclosed
Series B (2021): $25M led by Bessemer Venture Partners, Nosara Capital, and Computer Programs Marketing Group
Series C (2021): $75M supported by Bessemer Venture Partners, Hyde Park Angels, D1 Capital Partners, Nosara Capital, Computer Programs Marketing Group, and Nilam Ganenthiran
Private Equity (2026): $16.6M, investors not publicly disclosed
Key Investors in Provi
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911, known for investing in technology and growth-stage companies. Their involvement suggests a belief in Provi's scalable business model and market potential.
Nosara Capital
Nosara Capital is a venture capital firm that specializes in investing in online marketplaces globally. Their participation indicates a strategic focus on Provi's role as a marketplace facilitator and its potential for international expansion.
D1 Capital Partners
D1 Capital Partners is an investment firm that typically engages in significant capital allocation, suggesting a strategic interest in Provi's market position and future growth trajectory within the enterprise sector.
What's next for Provi?
With its recent major strategic investment and substantial overall capital raised, Provi is poised for significant scaling and further innovation. The company's focus will likely be on expanding its market reach, enhancing its platform's features to better serve its user base, and potentially exploring new verticals or service offerings within the beverage alcohol ecosystem. This enterprise-level backing suggests a strategic push towards solidifying its market leadership and driving further digital transformation in the industry.
See full Provi company page
