"Investment of $9M by prominent tech and consumer-focused investors boosts Drivepoint's AI-centric finance platform, designed for retail industries"
Drivepoint, an AI-powered strategic finance platform designed for consumer and retail brands, has secured over $9 million in new funding. This investment, led by Vocap Partners, will enable Drivepoint to scale its solutions and help even more brands grow with clarity and confidence.
The new funding comes as Drivepoint continues to gain popularity among retail and consumer brands. Its unique blend of AI and human insights provides operators with an unrivaled financial understanding, driving efficiency in both inventory and marketing spend. This strategic advantage is particularly valuable in rapidly changing retail markets.
Drivepoint's platform transforms strategic finance from reactive budgeting into a proactive, AI-powered decision engine tailored for consumer brands. It unifies business data, enables flexible financial simulations, and provides real-time intelligence for scenario-driven financial planning.
Notable brands like Graza, Oats Overnight, Curology, True Classic, and Simple Modern have reported measurable benefits from using Drivepoint. These benefits include 3-5% margin improvements, multi-million dollar EBITDA gains, and increased forecast confidence and consistency.
The backing from Good Friends VC, a venture firm founded by the creators of Allbirds, Harry's, and Warby Parker, brings unmatched credibility in consumer brand building and product-driven operating discipline. Joey Zwillinger, co-founder of Allbirds, personally led the investment from Good Friends VC.
With the new funding, Drivepoint plans to double down on AI product development in forecasting, variance analysis, and decision intelligence. The funds will also be used to accelerate product innovation and go-to-market expansion for Drivepoint.
Austin Gardner-Smith, Drivepoint CEO and Co-Founder, stated that this funding milestone validates the company's vision and the results they've been able to deliver for their customers. Emery Waddell, Partner at Vocap, described Drivepoint as rapidly emerging as the default solution for intelligent finance in retail.
Drivepoint's success is not limited to breakout brands. Established companies like Graza, the popular olive oil company, have also benefited from Drivepoint's automated modeling and forecasting. With a 1-person finance team, Graza achieved record growth across multiple channels.
Notable consumer founders who have already invested in Drivepoint include Brian Tate, Founder & CEO of Oats Overnight, Jordan Nathan, Founder of Caraway, and Brian Riley, Founder & CEO of Guardian Bikes.
As Drivepoint scales, it will use the new funding to expand its go-to-market efforts, responding to the accelerating demand from mid-market and enterprise brands. The company's mission remains the same: to empower finance teams with the tools they need to make smarter, faster decisions, giving consumer brands a competitive edge through real-time intelligence and scenario-driven financial planning.
Financial software like Drivepoint, a strategic finance platform, is becoming increasingly popular among businesses in the retail and consumer sectors due to its unique blend of technology and human insights. This platform transforms strategic finance, enabling proactive, AI-powered decision-making and providing real-time intelligence for financial planning, inventory, and marketing spend. The new funding secured by Drivepoint will be used to double down on AI product development in areas such as forecasting, variance analysis, and decision intelligence, and to accelerate product innovation and go-to-market expansion.
