Kaddy is a B2B booze marketplace that centralises ordering, invoicing and payments for bottle shops, bars, pubs and liquor suppliers. The platform aims to eliminate paper invoices and simplify onboarding for independent and craft producers, giving trade customers easier access to boutique products. The company was founded last year by Mike Abbott (former head of operations at Uber ANZ) and Rich Coombes (co-founder of Batlow Cider, Capital Brewing and Will & Co Coffee). After an $800,000 seed round in June last year and a September launch, Kaddy grew to about 50 suppliers and 100 trade partners. Revenues have been close to doubling month-on-month even through the COVID-19 crisis, and the team resisted a direct-to-consumer pivot to stay focused on their core B2B vision. The founders plan to use the new capital to accelerate growth as hospitality reopens and demand for streamlined B2B sales and localised products increases.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2020