Coffee Service

Bevi secures $70M investment

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August 9, 2022

Bevi, a provider of smart water coolers designed to offer a more affordable and environmentally sustainable alternative to bottled water and flavored seltzer, announced a $70 million Series D investment from Cowen Sustainable Investments, a growth investment platform, according to a press release.

Bevi is seeking to nearly double its headcount by hiring up to 100 people over the next 18 months, including sales, marketing, hardware, operations and software.

"We are driving the transition from an antiquated supply chain built around single-use plastic bottles to a network of smart machines that purify tap water and perfectly formulate beverages at the point of use," Sean Grundy, co-founder and CEO, said in the press release.