Drivepoint Secures $9M Funding to Enhance AI Finance Platform for Retail Brands

Drivepoint's New Funding and its Impact on Retail Finance

In an exciting development for the retail finance sector, Drivepoint has successfully raised over $9 million in funding to fast-track the advancement of its AI-powered financial platform tailored specifically for consumer brands. This announcement, made on August 13, 2025, noted that the investment was spearheaded by Vocap Partners, which contributed $7 million as part of a Series A funding round. Additionally, the company leveraged previously undisclosed investments that had been secured in early 2024. Existing investors such as Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies Family Office also played notable roles in this funding round.

Emery Waddell, a Partner at Vocap, expressed enthusiasm over the investment, stating, "Drivepoint is rapidly emerging as the default solution for intelligent finance in retail." His confidence in the platform stems from its advanced operational capabilities that are already being adopted by some of the most innovative retail brands.

The backing from influential investors from Good Friends VC, the venture capital firm founded by the creators of popular brands like Allbirds, Harry's, and Warby Parker, adds notable credibility to Drivepoint's mission. Specifically, Joey Zwillinger, co-founder of Allbirds, took a lead role in the new investment round, citing his firsthand experience as both an operator and an investor in brand-focused ventures.

Drivepoint's platform uniquely integrates spreadsheet-native flexibility with advanced retail features and AI-driven forecasting tools. This combination empowers finance teams by providing them with the ability to model, plan, and make data-driven decisions in real-time. This agile approach to financial management has already proven beneficial for brands like Curology, True Classic, and Simple Modern.

Graza, a renowned olive oil company, acknowledged that by utilizing Drivepoint, they optimized their automated modeling and forecasting processes, resulting in record growth with just a single person managing finance. In another success story, Oats Overnight tapped into the scenario planning functionalities provided by Drivepoint, leading to a discovery of an impressive $4 million increase in EBITDA. Dose, a leading supplement brand, reported an enhancement in their gross margins between 3-5% thanks to the insights gained from using the Drivepoint platform.

Joey Zwillinger remarked, "Drivepoint is one of those rare companies that creates an obvious desire to invest. The company’s unique combination of AI and human insights affords operators an extraordinary understanding of their finances, optimizing both inventory management and marketing expenditures. The positive feedback received during our customer reference checks was unparalleled."

Looking forward to leveraging its new capital, Drivepoint plans to focus on enhancing its AI capabilities related to forecasting, variance analysis, and decision intelligence. The aim is to expand its market presence amidst growing demand from mid-market and enterprise brands for intelligent financial solutions.

Austin Gardner-Smith, Drivepoint’s CEO and co-founder, expressed gratitude towards the investors, stating that this financial milestone not only validates the company’s vision but also exemplifies the tangible results delivered to their clientele. He noted, "On average, Drivepoint customers experience a 6.7% increase in EBITDA during their first year on the platform, translating to significant enterprise value for retail brands. This funding will enable us to amplify these successes and assist even more brands in achieving growth with assurance and clarity."

About Drivepoint

Drivepoint is a groundbreaking finance platform tailored for consumer and retail brands, ranging from rapidly growing startups to established market leaders. By enabling finance teams to unify their data and model their strategies without overhauling their existing workflows, Drivepoint users have reported shorter planning cycles, smarter investment decisions, and considerable improvements in profitability and valuation. To learn more about Drivepoint and its innovative finance solutions, visit their website at Drivepoint.io.