Bev's: Selling Software to Convenience Stores

Bev's is a startup that is focused on selling software to the convenience store industry. Although convenience stores are typically resistant to technology, Bev's has built a SaaS platform specifically designed for this industry. The platform helps convenience stores stock the products their customers want and facilitates easy in-store and online sales. With 330 stores using the platform and impressive metrics such as 95% conversion from free trial to paid subscription and 99% monthly retention, Bev's is aiming to acquire 2,000 convenience stores and reach a $3 million run rate ARR before raising their next round. They have already raised $1.6 million and are considering a new round at a valuation of $15 million.