EP31: The water dispensing startup that’s raised over $60M to unbottle the future - Bevi
Fun Fact
Bevi’s flagship Standup water dispenser even made its way onto popular HBO show, Silicon Valley!
Founders
Eliza Becton, Frank Lee and Sean Grundy
LAUNCHED
2013
Flagship Product
Standup and Countertop Dispensers
Funding
$60.1M
HQ
Boston, MA
Problem
A million plastic bottles are bought around the world every minute and the number will jump another 20% by next year. Fewer than half of bottles bought in 2016 were collected for recycling and just 7% of those collected were turned into new bottles. Instead most plastic bottles produced end up in landfill or in the ocean.
Solution
Enter Bevi, the smart water machine startup on a mission to replace mass-produced beverages with drinks mixed at point of use. Now situated in offices such as Netflix, TripAdvisor and Lyft, Bevi’s machines have already reduced waste by over 150 million water bottles.
Episode Brief
Sean Grundy, Co-Founder and CEO of Bevi, joins Peter on this week’s episode to discuss:
The eureka moment
How the top water CPGs are just competing on brand & design
The early days and selling to their first customers
Getting Bevi into an HBO show
Scaling to 1,000s of locations across the US
Credits
HOST
Peter Levin
PRODUCTION
Dan Mahoney
MUSIC
Eddie Knuckles