Briggo, Inc.
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Briggo, Inc. - overview
Established
2008
Location
Austin, TX, US
Primary Industry
Retail
About
Briggo, Inc. , based in the US, specializes in automated coffee solutions, delivering touchless and autonomous coffee-making technology to enhance user convenience and operational efficiency in the beverage industry. Founded in 2008, Briggo, Inc. operates out of Austin, Texas, US, providing automated coffee solutions.
The company was acquired by Costa Limited from 7-Ventures in October 2020, facilitating a strategic shift towards touchless and autonomous coffee experiences. The founders, Charles Studor and Kevin Nater, have contributed to the evolution of Briggo’s offerings. Briggo has successfully completed 7 deals, raising a total of USD 3. 45 mn, with the latest funding round being a VENTURE DEBT of USD 1.
00 mn in October 2020. Briggo offers advanced automated coffee solutions designed to improve operational efficiency and user experience. These products streamline workflow processes and enhance communication in both enterprise and consumer environments. The company serves diverse geographical markets, including North America, Europe, and Asia-Pacific, catering to small and medium-sized enterprises as well as larger corporations with tailored solutions.
Briggo's revenue model combines direct-to-consumer sales with B2B partnerships, primarily through a subscription-based pricing plan for its flagship products. Clients typically subscribe annually or monthly, ensuring steady revenue streams and ongoing support. The company also partners with retailers and wholesalers to broaden product distribution, effectively capturing revenue across various market segments. Following its acquisition by Costa Limited in October 2020, Briggo plans to accelerate growth in touchless coffee solutions.
The company aims to introduce new products aimed at enhancing user convenience and expanding its market presence in North America and Europe. Recent funding will be utilized to support these initiatives, focusing on developing innovative technologies for autonomous coffee preparation.
Current Investors
7-Ventures
Primary Industry
Retail
Sub Industries
Non-Alcoholic Beverages, Coffee Shops
Website
www.briggo.com
Verticals
E-commerce, Mobile Apps, Robotics
Company Stage
Series A
Total Amount Raised
Subscriber access only
Briggo, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Briggo, Inc. | - |
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