/Companies

Bevi

Techstars '14

Concord, US · Founded 2013 · 411 employees on LinkedIn · 11 known investors

Find your way into Bevi

Bevi manufactures smart beverage dispensers with advanced water filtration that serves businesses and organizations seeking to reduce single-use plastic waste. The company creates functional drink options by purifying tap water and offering still, sparkling, flavored, and functional beverage options.

Also known as Bevi Inc.

Founders & leadership

Bevi was founded in 2013 by Sean Grundy and Eliza Becton.

SGSean Grundy
Sean GrundyCo-Founder
EBEliza Becton
Eliza BectonCo-Founder | VP Product Research & Design

Investors · 11

Also in the syndicate · 1

Cowen Sustainable Investments

Funding

SEC filings, press & company announcements

$70M disclosed across 1 of 3 rounds · 2015–2022

  • $70MSeries DAug 2022 · 2 sources

    Cowen Sustainable Investments

    Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Sep 2026

Bevi designs, builds and services smart beverage dispensers for workplaces and other commercial spaces. The machines connect to a building's water supply and use an advanced filtration system that the company says removes 99.9% of microplastics and contaminants, then let users mix up to three flavors and two functional enhancements, adjust ingredient strength, and select temperature and carbonation level. Outputs range from plain filtered still or sparkling water to zero- and low-calorie flavored drinks and functional beverages; the company states its machines can produce roughly 48,000 drink combinations.

Alongside the hardware, Bevi formulates the flavor and "boost" concentrates stocked in the machines, including unsweetened fruit flavors, sweetened options, seasonal recipes, and BeviBoosts such as Vitamin Boost, Electrolytes, Focus Blend and Energy Boost. In 2025 it extended the portfolio with BeviPop, a better-for-you soda line, and moved into the sports and energy drink categories. Machines are internet-connected, which lets Bevi manage refills proactively and gives customers data on beverage consumption, space utilization and estimated environmental impact.

The company positions itself around eliminating single-use bottles and cans. It reports up to 9x fewer carbon emissions than bottled beverages, about 37,750 lbs of CO2e saved per machine lifetime, and 115,000 metric tonnes of CO2 avoided to date, and it supplies these figures to customers for sustainability reporting.

Founding story

The concept originated with Eliza Becton, who became concerned about ocean plastic waste after learning about the Pacific Garbage Patch and developed the germ of the idea as a graduate student at the Rhode Island School of Design, concluding that a product appealing enough to change behavior voluntarily would work better than persuasion. Sean Grundy, who studied philosophy and then worked at an environmental nonprofit before business school, met Becton in Boston while looking to combine an environmental mission with a for-profit venture. They co-founded Bevi in 2013 with Frank Lee, around Becton's idea of a machine that purifies tap water and adds natural flavors, vitamins or CO2 in place of single-use bottles.

Business model

Bevi sells and services its dispensers to businesses and institutions, supplying the machines together with the flavor and functional ingredient concentrates that refill them. Machines are quoted with custom pricing per space, and connected-machine data supports proactive servicing and refill management.

Revenue comes from placing beverage dispensers in commercial customer sites and the ongoing supply and servicing of flavor and boost consumables; pricing is quoted per customer space rather than published.

Traction

More than 6,000 businesses use Bevi. The company reports machines at approximately one-third of the Fortune 500, more than 750 million bottles and cans avoided as of May 2025 (having surpassed one billion bottles saved per a subsequent company announcement), and 115,000 metric tonnes of CO2 avoided to date. Earlier figures include 65 million bottles avoided as of 2019 and over 45 million at the time of Trinity Ventures' investment. Cumulative venture funding is reported at more than $160 million.

Latest developments

Recent company announcements cover the BeviPop launch into better-for-you soda, sports and energy drinks; a new on-screen user experience for personalized functional beverages; a brand refresh and a fully connected beverage platform extending beyond water; passing one billion bottles saved; expansion into colleges and universities; the Bevi Break summer tour across 12 U.S. cities; the appointment of Tom Foran as Chief Revenue Officer and Julien Levesque as VP of Product; and Cathy Lewenberg's appointment to the 2025-2026 NAMA board. In the May 2025 interview the company described a December launch in the U.K. and Ireland and an upgraded machine planned for that summer with improved flow, carbonation and flavors.

▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Bevi competes with traditional bottled and canned beverage supply in workplaces and with conventional water coolers, positioning its dispensers as a lower-cost, customizable and lower-emission alternative. It reports installations at roughly a third of the Fortune 500 and more than 6,000 business customers, and has had consumer-culture visibility including an appearance in an episode of HBO's "Silicon Valley."

Point-of-use production of customizable drinks from filtered tap water rather than distribution of pre-packaged bottles; filtration that the company states removes 99.9% of microplastics; a large combinatorial flavor and functional-ingredient menu; and connected machines that provide consumption, utilization and verified sustainability metrics for corporate reporting.

Technology

Each machine combines an advanced water filtration system, carbonation and dosing of flavor and functional concentrates with a touchscreen interface allowing users to combine up to three flavors and two boosts and to set ingredient strength, temperature and carbonation. All units are internet-connected, feeding proactive monitoring software that manages refills and reports drink volumes, consumption trends and space utilization in real time; consumption data is converted into bottle and carbon-footprint savings using academic life-cycle analyses.

Go-to-market

Direct B2B sales supported by a field sales team, with heavy use of events and trade shows — at least one event per week — because the product is experiential and prospects often convert after tasting drinks and using the touchscreen. Sales messaging leads with cost savings, time savings and employee wellness, with sustainability positioned as an additional benefit, while internal sustainability champions often advocate for Bevi inside large companies. Activities have included a summer tour bringing machines to 12 U.S. cities.

Employers and commercial spaces, including large enterprises, offices, and colleges and universities; the company cites more than 6,000 business customers and named clients such as Apple, Netflix, Uber, Bank of America and Google.

Geography

United States operations with Boston-area headquarters (offices in the former Schrafft's Candy Factory in Charlestown), plus international expansion into the United Kingdom and Ireland launched in December, with additional countries contemplated if that market performs.

History

Founded in 2013, Bevi raised a $2 million seed round in 2015 that funded its first Boston office and initial team. By 2019 the company was headquartered in the former Schrafft's Candy Factory in Charlestown, Boston, with sales, design and R&D teams and an in-house prototyping shop, and reported 65 million bottles kept out of the waste stream. It later broadened from water into a fully connected beverage platform with a brand refresh, surpassed one billion bottles saved, expanded into colleges and universities, launched in the U.K. and Ireland in December, introduced a new on-screen user experience, and entered the better-for-you soda, sports and energy drink markets with BeviPop.

Risks & controversies

Leadership has described cultural tension as growth attracted employees more motivated by expansion than by the environmental mission, and noted that most mainstream buyers prioritize cost, time savings and wellness over sustainability, requiring an economic rather than environmental sales case.

Compiled by commissioned research from 9 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Bottles and cans avoidedMay 2025750,000,000 bottles and cans
Bottles avoidedJan 2025350,000,000 bottles
Business customersJan 20256,000 companies
CO2 avoided to dateJan 2025115,000 metric tonnes CO2
CO2e saved per machine lifetimeJan 202537,750 lbs CO2e
Emissions versus bottled beveragesJan 2025Up to 9x fewer emissions than bottled beverages
Microplastics removed by filtrationJan 202599.9%
Possible drink combinations per machineJan 202548,000 combinations
Total venture capital raisedMay 2025$160M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with Bevi for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 10

launches, deals, and filings
Aug 2025
Bevi Break Summer Tour across 12 U.S. cities

A marketing tour bringing Bevi beverages to 12 U.S. cities during August.

source ↗

Jan 2025
Expansion into colleges and universities nationwide

Bevi brought its functional hydration machines to U.S. colleges and universities ahead of finals season.

source ↗

Jan 2025
Cathy Lewenberg appointed to 2025-2026 NAMA Board of Directors

source ↗

Jan 2025
Tom Foran appointed Chief Revenue Officer and Julien Levesque VP of Product

source ↗

Jan 2025
Bevi surpasses 1 billion bottles saved

Company announced passing one billion single-use bottles avoided through use of its machines.

source ↗

Jan 2025
Bevi enters better-for-you soda, sports and energy drink markets with BeviPop

Bevi announced BeviPop, extending its platform into better-for-you soda as well as sports and energy drink categories.

source ↗

Jan 2025
Bevi moves beyond water with brand refresh and connected beverage platform

Company announcement of a brand refresh and a fully connected beverage platform expanding beyond water.

source ↗

Jan 2025
New on-screen experience for personalized, functional beverages

Bevi launched an updated machine on-screen user experience built around personalized and functional beverages.

source ↗

Jan 2025
Upgraded dispenser planned for summer 2025

Co-founder Sean Grundy said an upgraded machine with better flow, stronger carbonation and improved flavors would be released in summer 2025.

source ↗

Dec 2024
Launch in the United Kingdom and Ireland

Bevi began international operations with a launch in the U.K. and Ireland in December, with further countries planned if the market performs well.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 9

primary sources listed

9 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bevi do?
Bevi makes internet-connected beverage dispensers that filter tap water and mix customizable flavored, sparkling and functional drinks.
Who founded Bevi?
Bevi was founded by Sean Grundy, Eliza Becton in 2013.
Who are Bevi's investors?
Bevi's investors include Avenir Growth Capital, Bessemer Venture Partners, Clean Energy Venture, Dorm Room, Tamarisc Ventures, Techstars, TIA Ventures, Trinity Ventures and 2 more.
How much funding has Bevi raised?
Bevi has disclosed $70M raised across 1 of its 3 known rounds.
Where is Bevi headquartered?
Bevi is headquartered in Concord, US.