NEW YORK, USA – Dripos, a comprehensive software platform built specifically for coffee shops, announces its $11 million Series A funding round, led by Base10. This investment will fuel Dripos’ continued mission to transform the way coffee shops operate. In 2023 alone, the number of locations relying on Dripos increased 400%, solidifying its presence in coffee shops across 46 states nationwide in the US and processing hundreds of millions in annual payments.
By seamlessly integrating specialized tools for point-of-sale (POS) and mobile payments, employee management and payroll, loyalty and marketing automation, as well as comprehensive administrative functions like accounting and banking, Dripos has become “the go-to solution for coffee shop owners seeking a unified and efficient platform to boost operational productivity” says the company in a release.
“Coffee shop owners have long grappled with the challenge of juggling 5-10 software solutions to meet their operational needs,” said Jack Pawlik, Co-founder & Co-CEO of Dripos.
“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.”
“Dripos’ impressive traction and growth trajectory are a testament to its product obsessed team and visionary leadership” the company also says.
The company’s co-founders boast over eight years of experience in building food tech startups, with multiple ventures backed by Y Combinator. Additionally, Dripos has garnered 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.
“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,” said Caroline Broder, Principal at Base10 Partners, 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.”
