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Provi

Digital marketplace for wholesale alcohol ordering

Overview

Provi runs a digital marketplace for wholesale alcohol, connecting bars, restaurants, and off-premise retailers with distributors. It centralizes ordering, pricing, and product discovery in one platform, helping buyers find accurate distributor portfolios, view up-to-date pricing, communicate with their sales reps, and place or repeat orders. The platform also hosts a searchable catalog of over 750,000 drinks with details and pricing to help buyers discover new products. Provi differentiates itself by consolidating the entire ordering and product discovery flow into a single space, offering direct chat with assigned reps and a broad, reliable catalog, all while earning revenue through commissions on transactions. The goal is to streamline the beverage alcohol supply chain, save time for buyers, and promote efficiency in purchasing and product discovery.

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About Provi

Simplify's Rating
Why Provi is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & AgricultureData & AnalyticsEnterprise Software

Company Size

201-500

Company Stage

Series C

Total Funding

$124.9M

Headquarters

Chicago, IL

Founded

2016

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What believers are saying

  • November 12, 2026 Instacart partnership adds same-day restocking for bars and restaurants nationwide.
  • Provi reports nearly 50,000 active retailers, strengthening network effects and ordering frequency.
  • Burke Distributing renewed its July 14, 2026 partnership, signaling distributor retention and revenue durability.

What critics are saying

  • Alcohol distribution remains regulated; Provi cannot bypass three-tier laws or distributor gatekeepers.
  • Instacart partnership on November 12, 2026 excludes alcohol, limiting expansion beyond adjacent supplies.
  • DoorDash's acquisition of Instacart could squeeze Provi into a dependent, replaceable channel.

What makes Provi unique

  • Provi unifies buyers, distributors, and suppliers across 1,400 partners and 1.4 million products.
  • Matthew Tucker, appointed October 14, 2026, brings Olo and Tock scaling experience.
  • Enterprise Plus, launched February 25, 2026, embeds compliance workflows into distributor relationships.

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Funding

Total Funding

$124.9M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
$62M
$75M
$100M

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

-1%

1 year growth

0%

2 year growth

-1%
PR Newswire
Nov 12th, 2026
Provi and Instacart bring same-day grocery delivery to bars and restaurants nationwide

Instacart and Provi, a B2B platform for the beverage alcohol industry, have partnered to let bars and restaurants order same-day grocery delivery inside Provi. The feature is available to Provi customers nationwide, announced on November 12, 2026. Operators can restock non-alcoholic items such as garnishes, mixers, juice, cleaning supplies, and paper from participating grocery retailers. They can place orders on the Provi website and track deliveries in real time. Alcohol is not included. "A bar can carefully plan its inventory and still run out of limes on a Saturday night," said Matthew Tucker, chief executive officer of Provi. Provi's network includes more than 1,400 distributor partners, nearly 50,000 active retailers, and over 1.4 million products.

Business Insider
Nov 12th, 2026
Instacart wants to deliver supplies to your favorite bar or restaurant.

Instacart wants to deliver supplies to your favorite bar or restaurant. Nov 12, 2026, 6:00 AM PT Instacart is getting into delivering last-minute cocktail ingredients and supplies to bars and restaurants. The delivery app has struck a partnership with business-to-business alcohol marketplace Provi, the companies confirmed to Business Insider on Thursday. Instacart will offer same-day delivery of items, including mixers and paper products from grocery stores when ordered through Provi's website and app. The partnership won't include alcohol delivery, the companies said. In the US, laws require alcohol brands to send their products to restaurants and retailers through distributors as part of a three-tiered system. Instead, Instacart and Provi will work together on "rapid delivery as fast as possible" on items that restaurants and bars need in a pinch, such as extra limes for margaritas and napkins for special events, Provi CEO Matthew Tucker said. Many also receive weekly deliveries from more established restaurant distributors. "What we are trying to solve for is that last-minute out-of-stock," Tucker told Business Insider. The partnership expands Instacart's business-to-business offerings. The delivery service got its start by bringing groceries to individual shoppers' doorsteps but has offered business delivery through a separate division since 2023. Its customers include the Four Seasons resort chain and Van Leeuwen Ice Cream. Working with Provi allows Instacart to reach bars and restaurants "where they are shopping today," said Andrew Nodes, vice president and general manager of Instacart Business and Supply Chain. "Now, when a bar or restaurant runs out of herbs or straws mid-service, they have a same-day solution that helps them operate smoothly without missing a beat," Nodes said. It's the first time that Provi is selling non-alcoholic items, Tucker said. The partnership is also coming online at a busy time: the weeks leading up to Thanksgiving and Christmas are when Provi's website and app see the most customer engagement of the year, according to the company. Provi users will see an option to order those items on the platform and will be redirected to Instacart to complete the purchase, he said. While small, many of the products that Provi and Instacart plan to sell are key to driving sales and avoiding customer disappointment, Tucker added. Drinks tend to be the most profitable items at many bars and restaurants. "If you don't have the garnishes," he said, "you aren't able to sell some of your highest-margin products." Restaurants are also dealing with labor shortages resulting from immigration raids, he said. That means many establishments have fewer staff than ever to make quick grocery runs to keep bars stocked. "When you have a problem with your labor, you have a problem operating your restaurant," Tucker said. Do you have a story idea about Instacart? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's its guide to sharing information securely.

Wine Business
Oct 15th, 2026
Provi names Matthew Tucker as Chief Executive Officer.

Provi names Matthew Tucker as Chief Executive Officer. Veteran hospitality technology leader who helped scale Olo and Tock joins Provi to lead its next phase of growth. Oct 15, 2026. NEW YORK-(BUSINESS WIRE)-Provi, the leading B2B digital platform for the beverage alcohol industry, today announced the appointment of Matthew Tucker as its Chief Executive Officer. Mr. Tucker brings significant experience scaling hospitality technology companies, including Olo and Tock, into industry-leading platforms, and will be responsible for shaping Provi's strategy to drive innovation and efficiency and better serve a fragmented industry. Tucker will succeed founder Taylor Katzman, who will remain on the Board of Directors as Executive Chairman. "Provi is transforming the way the beverage alcohol industry does business, and we see tremendous potential to further accelerate that momentum," said Kent Bennett, Partner at Bessemer Venture Partners, an investor in Provi. "Matt brings a unique combination of marketplace, hospitality, and SaaS leadership experience, along with a proven ability to scale high-growth organizations. As we continue expanding Provi's platform and strengthening connections across the three-tier ecosystem, we could not be happier to have Matt at the helm to drive our next phase of innovation and growth." Mr. Tucker brings more than 20 years of leadership experience across restaurant and hospitality technology, e-commerce, and SaaS. Most recently, as Head of Tock, he led the company's expansion into a leading restaurant reservation platform, culminating in its acquisition by American Express, where he subsequently served as Chief Commercial Officer. Previously, Mr. Tucker spent nearly nine years as President and Chief Operating Officer of Olo, helping transform the company from a 10-person startup into a 700-plus-employee public company, including guiding its successful IPO in 2021. "After spending much of my career building technology for restaurants and hospitality operators, I was drawn to Provi because it is built on the same operator-first mindset and leverages technology to solve a fragmentation challenge across a key vertical in hospitality," said Mr. Tucker. "With a strong foundation, an exceptional team, and deep relationships across all three tiers of the beverage alcohol supply chain, we have a tremendous opportunity to create even greater value for our customers and partners through more efficient technology that simplifies and streamlines all parts of the alcohol purchasing process." As Provi enters its next phase of growth under Tucker's leadership, the company remains focused on simplifying the complex beverage alcohol purchasing process for bars, restaurants, and retailers, and building better tools and products for distributors and distributor sales representatives. Serving as a neutral platform that connects retailers, distributors, and suppliers, Provi brings together product discovery, distributor catalogs, sales rep information, and order planning tools in one place. This enables the company to help operators make more informed purchasing decisions while preserving the relationships that are essential to the industry. Built over the last decade, Provi has established a national network of more than 1,400 distributor partners, nearly 50,000 active retailers, and over 1.4 million products nationwide. Backed by leading investors including Bessemer Venture Partners, D1 Capital, and Tiger Global, the company is uniquely positioned to help modernize one of the largest and most relationship-driven sectors of commerce.

Yahoo Finance
Oct 14th, 2026
Provi appoints Olo and Tock veteran Matthew Tucker as chief executive officer

Provi, a B2B digital platform for the beverage alcohol industry, has named Matthew Tucker as chief executive officer. He succeeds founder Taylor Katzman, who stays on the board as executive chairman. Tucker has more than 20 years of experience in hospitality technology, e-commerce, and SaaS. He most recently led Tock, which American Express acquired, and then served there as chief commercial officer. Before that, he spent nearly nine years as president and chief operating officer of Olo, helping grow it from 10 people to more than 700 and guiding its 2021 IPO. Provi connects retailers, distributors, and suppliers. It has more than 1,400 distributor partners, nearly 50,000 active retailers, and over 1.4 million products. Investors include Bessemer Venture Partners, D1 Capital, and Tiger Global.

Urban Milwaukee
Oct 8th, 2026
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