Drivepoint, an AI-based strategic finance platform for consumer brands, announced today that it has secured over $9 million in new funding to accelerate product innovation and expand its go-to-market strategy.
This total includes a new $7 million Series A round led by Vocap Partners, as well as a previously undisclosed investment raised earlier in 2024. Returning investors, including Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies’ Family Office, also participated.
Additional new capital comes from some of the most influential names in the consumer and financial software industries. Good Friends VC, the venture firm founded by the creators of Allbirds, Harry’s, and Warby Parker, joined the round, with Allbirds co-founder Joey Zwillinger personally leading the investment.
Their support lends strong credibility to consumer brands, alongside investors such as Brian Tate (Oats Overnight), Jordan Nathan (Caraway), and Brian Riley (Guardian Bikes).
Serving brands like Curology, True Classic, and Simple Modern, Drivepoint is a leader in strategic finance for consumer brands. The platform offers flexible modeling, retail integrations, and AI-powered forecasting for real-time decision-making.
Graza credits Drivepoint’s automated forecasting with supporting rapid growth. Oats Overnight utilized scenario planning to add $4M in EBITDA, and Dose improved its gross margin by 3-5% through better forecast accuracy.
The new funding will advance AI product development in forecasting, variance analysis, and decision intelligence, and expand Drivepoint’s market reach.
KEY QUOTES:
“Drivepoint is rapidly emerging as the default solution for intelligent finance in retail. The most forward-thinking retail brands are already running their finance operations on Drivepoint. Given the company’s track record of innovation, deep consumer brand expertise, and proven ROI for customers, it’s only a matter of time before the rest of the industry – including enterprise players – follows suit.”
Emery Waddell, Partner at Vocap
“Drivepoint is one of those rare companies that creates an obvious desire to invest. I’ve experienced the problem firsthand as an operator and seen it through the lens of an investor in consumer brands. Drivepoint’s blend of AI and human insights gives operators an unrivaled financial understanding, driving efficiency in both inventory and marketing spend. The value this creates showed up in the customer reference checks we did – some of the best I’ve heard as an investor.”
Joey Zwillinger, Partner at Good Friends and Co-Founder of Allbirds
“This milestone validates our vision and the results we’ve been able to deliver for our incredible customers. On average, Drivepoint customers see 6.7% gains in EBITDA in their first year on the platform, which can unlock massive enterprise value for a retail brand. This capital will let us scale those outcomes and help even more brands grow with clarity and confidence.”
Austin Gardner-Smith, Drivepoint CEO and Co-Founder
