How Arryved will use $21M raise to expand market share
BOULDER — Loren Bendele joined Boulder-based Arryved Inc. as CEO in May, just in time to lead the Boulder-based point-of-sale-technology company as it uses new capital to expand within the craft-brewing niche and enter other sectors.
Helping Bendele’s efforts will be $21.26 million in new capital, raised in a round led by Tribe Capital Management LLC, based in San Francisco, and Boulder-based Foundry Group, with some earlier investors also contributing.
The funding brought Arryved’s total fundings to $27.76 million, including $6.5 million raised in 2017, 2018 and 2019.
Arryved has focused almost exclusively on the craft-brewing sector, providing point-of-sales systems. The company’s performance…
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