Bevz, a Los Angeles-based startup that provides a SaaS platform for convenience stores, announced today that it has raised $3.1 million in a funding round co-led by Dynamism Capital and Golden Section Ventures.
The round also saw participation from several other investors, including Stage 2 Capital, Hustle Fund, Bridge Investments, Tiller Partners, Irish Angels, Operate Studio, Silicon Beach Investment Group, and Gryphon Ventures.
Bevz was founded in 2021 by former convenience store owners who saw the need for a technology solution that could help small and independent retailers compete in the online market. Bevz offers an all-in-one platform that enables convenience stores to order inventory from distributors, integrate with multiple e-commerce apps (such as DoorDash, Uber Eats, Grubhub, etc.), and manage inventory across multiple locations.
Bevz claims to have hundreds of convenience stores using its platform across 10 states in the U.S., and plans to use the new funding to expand its sales and marketing efforts, develop its product further, and enhance its customer success resources. The company also aims to grow its national presence and reach more convenience store owners.
Dynamism Capital and Golden Section Ventures are both venture capital firms that focus on investing in early-stage B2B SaaS companies. Dynamism Capital is based in Brooklyn, New York, and has invested in companies such as Shopify, Stripe, and Slack. Golden Section Ventures is based in Houston, Texas, and was founded in 2012 as a founder studio that helps entrepreneurs build and scale SaaS businesses.