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HomeFunding NYC-based Dripos Secures $11Million in Series A Round Funding

[Funding alert] NYC-based Dripos Secures $11Million in Series A Round Funding

Dripos comprehensive software platform built specifically for coffee shops secures $11million in series A round funding.

Dripos comprehensive software platform built specifically for coffee shops secures $11million in series A round funding.

It led the investment, and other participants included Ian Crosby, the creator of Bench and Teal and a former Head of Fintech at Shopify, Michael Siebel of Y Combinator, and Shyam Rao, the founder of Punchh, which Partech purchased for more than $500 million.

Read also – CA-based Anvilogic Secures $45Million in Series C Round Funding

Along with the money, It Partners Principal Caroline Broder will join the Dripos board. The firm plans to utilise the money to improve its platform even further and attract a wider audience of customers.

Caroline Broder, Principal at Base10 Partners said,”We invest in Automation for the Real Economy and it doesn’t get more ‘Real Economy’ than coffee shops and the small business owners who power them, who led the Series A and will be joining the Dripos board. “Dripos provides a business-in-a-box platform for its customers, allowing coffee shops to focus less on the expense of running basic operations, and focus more on delivering an exceptional experience for its customers and employees with every order.”

It, which was founded by Jack Pawlik and Avery Durrant, offers coffee businesses a software platform to run their operations. Specialised point-of-sale (POS) and mobile payment services, payroll and staff administration, marketing automation, loyalty programmes, and extensive administrative features like banking and accounting are all provided by the platform.

About Dripos

The only software required for a coffee shop to run its operations is Dripos. Specialised point-of-sale (POS), mobile payments, payroll and staff administration, loyalty programmes, and marketing automation are all provided by the platform.

In addition to offering extensive administrative features like banking and accounting, it has emerged as the preferred choice for coffee shop operators looking for a single operating platform. Avery Durrant and Jack Pawlik founded the New York-based startup Dripos.

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