Tiz, Inc.
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Tiz, Inc. - overview
Established
2016
Location
Chicago, IL, US
Primary Industry
Logistics & Distribution
About
Based in Ilinois, US, and was founded in 2016 by founder Taylor Katzman, Tiz, Inc. operates Provi, a beverage e-commerce marketplace that distributes large volumes of liquors to bars, restaurants, and other alcohol retailers through its online portal platform. As of 2021, the company serving 10% of the US market's bars and restaurants. The company works with 85 percent of the top US distributors, including Breakthru Beverage and Empire Merchants, and has retail clients all across the country.
Provi as of 2021 has more than 1 million orders sent, more than 10,000 sales representatives, over 4 million products ordered, and 1 platform. In September 2021, the company raised its Series B and Series C for a total offering amount of USD 100 million that comes from USD 25 million for Series B and USD 75 million for Series C. The company's marketplace allows establishments to purchase from many spirits, wine, and beer distributors at once on a consolidated platform, as well as providing order monitoring and analytics, allowing consumers to access a variety of craft spirits and alcohols online. The company expects to grow its B2B beverage marketplace to 25% of the market by the end of 2022.
The company also expects that it will increase its revenue by 20x in 2022. Provi will use the funding raised in September 2021 to hire and scale its platform.
Current Investors
Ludlow Ventures, Hyde Park Angels, Hyde Park Venture Partners
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution, Search Engines, Web Applications
Website
www.provi.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series C
Total Amount Raised
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