Vigo: Bevz is raising $1.6M at a $9M cap with $1.3M committed
Jason Vigo · "A Bold Startup Pitch! AI-Powered Retail Management Disrupts the Market – Will VCs Invest?" · Sep 27, 2023 · at 11:48
Jason Vigo discloses fundraising round details and commitments for retail software startup Bevz to investors on The Pitch.
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“So we're doing a nine million post-money valuation cap another convertible note raising the 1.6, and we have one three committed already.”
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“So we tied it to a company valuation. And so we did two valuations. So it's at a 40 and an eighty million valuation. I'll get two buckets of equity.”
Bevz has 330 stores, 21% monthly growth, and 99% monthly retention
“Today we have 330 stores using the SaaS platform. We're growing 21% every month. We have a 95% conversion from free trial to paid subscription. And we have a 99% monthly retention.”