Drivepoint, an AI-powered strategic finance platform for consumer brands, has secured over $9m in fresh capital to accelerate its product innovation and expand its go-to-market strategy.
The new total includes a $7m Series A round led by Vocap Partners, alongside a previously undisclosed investment raised earlier in 2024. Returning backers Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies’ Family Office also took part. Additional participation came from Good Friends VC, founded by the creators of Allbirds, Harry’s, and Warby Parker, with Allbirds co-founder Joey Zwillinger personally leading the investment.
Drivepoint helps retail and consumer brands improve financial decision-making by combining spreadsheet-native flexibility with deep retail integrations and AI-powered forecasting tools. Its platform is designed to give finance teams the ability to model, plan, and make decisions in real time, enabling more accurate forecasting and stronger strategic planning.
The company plans to use the new funding to accelerate AI product development, focusing on forecasting, variance analysis, and decision intelligence. It will also scale its sales and marketing efforts to meet growing demand from mid-market and enterprise brands.
Drivepoint is already used by leading consumer names such as Curology, True Classic, and Simple Modern. Brands including Graza, Oats Overnight, and Dose have credited the platform with helping them optimise financial performance, from increasing EBITDA to improving gross margins.
Vocap partner Emery Waddell said, “Drivepoint is rapidly emerging as the default solution for intelligent finance in retail. The most forward-thinking retail brands are already running their finance operations on Drivepoint. Given the company’s track record of innovation, deep consumer brand expertise, and proven ROI for customers, it’s only a matter of time before the rest of the industry – including enterprise players – follows suit.”
Joey Zwillinger, partner at Good Friends and co-founder of Allbirds, said, “Drivepoint is one of those rare companies that creates an obvious desire to invest. I’ve experienced the problem firsthand as an operator and seen it through the lens of an investor in consumer brands. Drivepoint’s blend of AI and human insights gives operators an unrivaled financial understanding, driving efficiency in both inventory and marketing spend. The value this creates showed up in the customer reference checks we did – some of the best I’ve heard as an investor.”
Drivepoint CEO and co-founder Austin Gardner-Smith said, “This milestone validates our vision and the results we’ve been able to deliver for our incredible customers. On average, Drivepoint customers see 6.7% gains in EBITDA in their first year on the platform, which can unlock massive enterprise value for a retail brand. This capital will let us scale those outcomes and help even more brands grow with clarity and confidence.”
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