KO Client Arryved Closes $20M Financing Round

KO partner Jon Taylor and attorney Matt Burns represented Arryved in the closing of a $20 million financing round led by Tribe Capital and Foundry Group.

Arryved, the leading point-of-service (POS) provider for craft food and beverage establishments, plans to accelerate its footprint in the food, beverage and entertainment technology sector and innovate its product developments in response to industry needs, according to a company press release.

“Consumers are looking for experiences. It’s our mission to help our customers provide their guests with the highest quality interactive experiences,” said Arryved CEO Loren Bendele. “We are proud of the fact that we have the highest customer satisfaction in our industry, and this investment will allow us to continue to help more customers grow their businesses and deliver great hospitality.”

Since the beginning of 2020, the company has doubled its customer base, introducing new products that helped brewers drive more online sales during the pandemic.

Read more in The Denver Business Journal and BizWest.