Drivepoint Secures $9M to Boost AI Finance Platform for Retail
Drivepoint has raised over $9 million in new funding to enhance its AI-powered finance platform for consumer brands, announced in a press release. The Series A round, totaling $7 million, was led by Vocap Partners, with additional investment from Good Friends VC, founded by the creators of Allbirds, Harry's, and Warby Parker.
The funding will be used to accelerate product innovation and expand market reach. Drivepoint's platform, which integrates AI-native forecasting tools with retail operations, is already utilized by brands like Curology and True Classic to improve financial decision-making. The company aims to further develop its AI capabilities in forecasting and decision intelligence, catering to the growing demand from mid-market and enterprise brands.
Returning investors include Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies Family Office. The new capital will help Drivepoint scale its operations and deliver enhanced financial outcomes for its clients, who reportedly see significant gains in profitability and efficiency.
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