Coffee Service
Bevi surpasses 5,000 customer milestone for commercial water coolers
July 20, 2023
Bevi, a provider of internet-connected water coolers for commercial spaces, has exceeded 50% annual recurring revenue growth, serving more than 5,000 customers across North America, according to a press release. The company also achieved a sustainability milestone, with its smart water coolers saving over 350 million single-use water bottles from entering the environment since the company was founded nearly 10 years ago.
"Our continued growth is evidence that the return-to-office trend is real, with thousands of companies in the past year investing in workplace amenities to support hybrid workers," Sean Grundy, CEO and co-founder of Bevi, said in the press release.
Bevi's internet-connected water coolers are able to monitor return to office trends based on actual levels of customer water consumption.
In the first half of 2023, data from machines across the country revealed that in-office attendance increased to 50% of pre-pandemic levels for the first time since the pandemic. In addition to commercial office spaces, Bevi also recently branched out into new verticals, including hospitality and multi-family real estate.
Bevi machines are now located throughout hotels such as the Hyatt Regency, as well as the amenity areas of residential apartment buildings run by property management firms like Lincoln Property Co.
