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Provi Announces $75M In New Funding On $750M Valuation To Take The Alcohol Industry Online

Sep 21, 2021•almost 4 years ago

Amount Raised

$75 Million

Chicago

Description

Provi, the leading online ordering platform for the beverage alcohol industry, announced today that it has raised $100M in funding in 2021 between two rounds, including $75M in Series C funding at a valuation of $750M, led by D1 Capital Partners with participation from Bessemer Venture Partners, Nosara Capital and CPMG, and $25M in Series B funding earlier this year, led by CPMG, with participation from Bessemer and Nosara Capital. The Series C includes participation from former Instacart President Nilam Ganenthiran, who was appointed to Provi's Board of Directors, and represents a 3.5x valuation growth in six months.

Company Information

Company

Provi

Location

Chicago, Illinois, United States

About

Founded in 2016 in Chicago, Provi is the fastest-growing B2B eCommerce marketplace for the beverage alcohol industry. Provi's digital marketplace grants retailers a robust, contactless platform to place all their beverage orders 24/7 and improves communication and efficiency for retailers and distributors. Provi's investors include CPMG, Bessemer, D1 Capital, Nosara, FJ Labs, Ludlow Ventures, Interplay Ventures, and Hyde Park Venture Partners. For more information about Provi, please visit: www.provi.com. SOURCE Provi

Funding Insights

Based on industry data
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