Bevi to Use Horizons Ventures-led strategic investment to develop next-generation beverage platform

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Dec 02, 2015, 01:30 ET

BOSTON, Dec. 2, 2015 /PRNewswire/ -- Bevi (www.bevi.co), the Boston-based start-up that develops smart beverage machines, has announced a $6.5M Series A led by Horizons Ventures, the Hong Kong based private investment fund of Mr. Li Ka-shing.

Bevi was founded in 2013 by graduates of MIT and RISD with the environmental mission of making every beverage available without a plastic bottle. Bevi's first product is a water cooler for offices that lets users create a variety of still, sparkling, and naturally flavored drinks, all based on filtered tap water. The company has developed a cloud-based system to remotely monitor and control its beverage machines.

The Series A will build on the sales momentum that Bevi has seen in the Boston area and enable geographic expansion. The company is also investing in major R&D projects to improve and expand the offerings of its beverage machines. Horizons' strategic investment connects Bevi to a global network of food & beverage leaders, from technology disruptors to established distributors.

Bevi's CEO Sean Grundy said, "Our team is inspired to be part of the Horizons family, working alongside leading food and beverage entrepreneurs to make the industry healthier, more sustainable, and more innovative. Horizons' involvement will help take our beverage platform to the next level, opening new channels and enabling serious growth."

Contact:
John Hyland
1-860-806-0810
[email protected]

SOURCE Bevi