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Bevi

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Develops a smart water dispenser that customizes flavored and sparkling beverages on demand

Boston, United StatesFounded 2013Energy

Valuation $250–500M Last recorded · 2022

Revenue $100–500M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Bevi

Bevi is a company that provides smart water coolers designed to dispense still, sparkling, and flavored water on demand. The company's products are aimed at reducing plastic bottle waste by offering a more sustainable hydration solution for offices, cafeterias, and other commercial spaces.

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Bevi's business model revolves around providing these "smart water coolers" as a service to businesses. Clients can get a personalized quote for a Bevi water dispenser, which includes installation and maintenance. The company also offers a 30-day free trial for its Standup 2.0 water dispenser to allow potential customers to evaluate the system. Bevi's revenue is likely generated through the sale or lease of its water cooler units, as well as through the sale of consumables such as flavorings and CO2 cartridges for carbonation.

The company's target market consists of businesses and organizations looking to offer enhanced amenities to their employees or customers while also promoting sustainability. This includes corporate offices, co-working spaces, and educational institutions. The smart features of the Bevi coolers, such as touchless operation via a smartphone app, customizable drink options, and tracking of environmental impact, are key selling points.

Source: Dealroom company data