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About Provi
Industries
Food & Agriculture
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$121.5M
Headquarters
Chicago, Illinois
Founded
2016
Overview
Provi is a digital marketplace that simplifies the ordering and selling of wholesale alcohol for bars, restaurants, and retailers. The platform allows users to shop, discover, and pay for products in one place, streamlining the supply chain with a reliable database of distributor portfolios. Clients can easily submit orders and communicate with sales representatives, while also exploring a database of over 750,000 drinks. Provi's goal is to enhance efficiency in the beverage alcohol market by providing a seamless ordering experience.
Simplify's Take
What believers are saying
- Provi's partnership with SevenFifty enhances its industry insights and market reach.
- The rise of virtual tastings offers Provi opportunities to increase user engagement.
- Provi's expansion of state partnerships strengthens its support of the three-tier system.
What critics are saying
- Increased competition from digital marketplaces could erode Provi's market share.
- Integration challenges with SevenFifty may lead to operational inefficiencies.
- Changes in state alcohol distribution laws could impact Provi's operations.
What makes Provi unique
- Provi simplifies wholesale alcohol ordering by connecting buyers, distributors, and suppliers.
- Provi offers a unified platform for ordering, selling, and promoting wholesale alcohol.
- Provi's platform includes a trusted database of over 750,000 drinks for product discovery.
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Funding
Total Funding
$121.5M
Above
Industry Average
Funded Over
4 Rounds
Bessemer Venture PartnersIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Long/Short Term Disability
Employee Assistance Program
Paid Holidays
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -6%2 year growth
↓ -5%Every coin has its flip side. And when it comes to the finance and treasury functions of their organizations, businesses are increasingly calling both ‘heads’ and ‘tails’ to navigate today’s operational uncertainties. This shift toward a greater convergence and potential synergies between the roles of finance and treasury is not merely a response to economic pressures or regulatory changes. Instead, it reflects a deeper strategic alignment aimed at enhancing financial and business success on both micro and macro levels by unlocking the digital transformation of previously siloed functions. While both treasury and finance departments have historically shared a focus on financial management, their perspectives and approaches have traditionally been distinct
The global economy today is increasingly marked by volatility and rapid shifts. Geopolitical tensions, technological advancements and changing consumer preferences demand that businesses remain agile yet resilient amidst a backdrop of increasing uncertainty. And in such a climate, there are no sacred cows for today’s CFOs. Every aspect of a business is subject to scrutiny and re-allocation as finance functions work to eliminate waste and clean up balance sheets. That’s what top finance leaders have repeatedly told PYMNTS for the series “A Day In The Life of a CFO,” stressing that gone are the days when certain assets or expenditures were considered untouchable
Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind as businesses look to unlock sustainable growth and profitability. Increasingly, the calculus is changing as business leaders look to realize efficiencies and answer pressing questions around internal spend
CHICAGO--(BUSINESS WIRE)--Provi, the largest online marketplace for the beverage alcohol industry, and SevenFifty Daily, an award-winning online magazine about the business and culture of the beverage alcohol industry, announce their next installment of the “Beyond the Glass” roundtable series titled, "Unveiling Industry Insights: Trends Shaping the Beverage Alcohol Landscape," scheduled for Thursday, April 25 at 1:00 PM ET. Moderated by Courtney Schiessl Magrini, Editor-in-Chief of SevenFifty Daily, panelists include Lester Jones, Vice President, Analytics and Chief Economist, National Beer Wholesaler Association (NBWA); Danny Brager, Industry and Wine and Spirits Wholesaler Association (WSWA) SipSource Analyst; Cathy Huyghe, Co-Founder CEO, Enolytics; and Rob McMillan, EVP Founder, Silicon Valley Bank Wine Division. The discussion will highlight insights from industry experts, providing essential data and invaluable perspectives into the ever-evolving dynamics of the beverage alcohol industry. Panelists will delve into the economic landscape, covering wine, spirits, and beer, to explore future trends and gain profound insights into the industry's trajectory
There’s no business like a B2B business. And successful business-to-business (B2B) strategies — and the companies deploying them — are characterized by agility, innovation, and a focus on delivering value to customers while embracing the power of technology and collaboration. After all, today’s technologies offer more opportunities to optimize processes, improve accuracy, and uncover insights than ever before, helping drive better decision-making and business performance
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About Provi
Industries
Food & Agriculture
Consumer Goods
Company Size
201-500
Company Stage
Series C
Total Funding
$121.5M
Headquarters
Chicago, Illinois
Founded
2016
Provi is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today