US beverage provider Sidework has closed a new funding round, increasing its total raised capital to over $10 million.
The round was led by Cherubic Ventures and included participation from Finistere Ventures, SOSV, Outlander Labs and Pathbreaker Ventures.
Sidework, formerly known as Backbar, is a beverage technology company that provides hospitality businesses with dispensers for a wide range of drinks. Its dispensers have the capability to manage ingredients that are fresh, viscous, and contain particulates, pulp, dairy and more.
According to the company, Sidework’s dispenser enables operators to swiftly adapt to changing consumer demands. For instance, a menu can feature iced pumpkin spiced lattes in the morning, flavoured sparkling waters and craft sodas during lunch, and automatically transition to cocktails for dinner.
Matt Cheng, Cherubic Ventures’ general partner, said: “We believe in Sidework’s vision to revolutionise the beverage industry. This funding marks an exciting milestone, reflecting the pivotal role they are playing to reshape how beverages are crafted and served.” most challenging problems through innovation, and their recent rebranding and fundraising efforts reinforce their standing as a transformative technology player.
© FoodBev Media Ltd 2023