Dripos, a platform built specifically for coffee shops, announced an $11 million Series A funding round led by Base10. This funding will fuel Dripos’ continued goal to transform coffee shops’ operations. The company’s co-founders have over eight years of experience in building food tech startups, with multiple ventures backed by startup accelerator Y Combinator.
Dripos has also gained support from an esteemed group of angel investors, including Michael Siebel of Y Combinator, Shyam Rao (founder of Punchh, acquired for $500+ million by Partech), and Ian Crosby (founder of Bench and Teal, and former Head of Fintech at Shopify), among others.
The company’s adoption has led to its recent exponential growth. Last year alone, the number of locations relying on Dripos increased by 400%, cementing its presence in coffee shops across 46 states nationwide and processing hundreds of millions in annual payments. By integrating specialized tools for point-of-sale (POS) and mobile payments, employee management and payroll, loyalty and marketing automation, and comprehensive administrative functions like accounting and banking, Dripos has become the go-to solution for coffee shop owners seeking a unified and efficient platform for boost operational productivity.
KEY QUOTES:
“Coffee shop owners have long grappled with the challenge of juggling 5-10 software solutions to meet their operational needs. With Dripos, we’re empowering coffee shops to ditch their previous tech stack for the first true all-in-one solution, revolutionizing the way they do business.”
- Jack Pawlik, Co-founder & Co-CEO of Dripos
“Instead of using Toast or Square as a POS, 7Shifts for scheduling, ADP for payroll, Otter for 3rd party order management, and many other tools we are able to achieve this and even much more through Dripos. The product has allowed us to streamline our day to day operations and give us time back to focus more on our customer experience.”
- Manny Caral, owner and operator of Revolucion Coffee + Juice
“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. 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.”
- Caroline Broder, Principal at Base10 Partners, who led the Series A and will be joining the Dripos board
