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PIDC

1500 Market Street Suite 3500 West, Philadelphia, PA, 19102, United States

Overview

PIDC is a government administration firm specializing in financing programs and real estate products.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
2

Sector focus

  • Government
  • Real Estate
Visit website

Investment portfolio

  • Botrista Technology

    Participated · Series A · Jun 2021

    Botrista is a beverage robot manufacturer focused on automated craft beverage solutions. Its flagship product can brew tea and lattes, serve flavored lemonade, and make iced coffee. The company also provides an inventory-management system called "CloudBar," which offers data management and guidance for inventory restocking. Botrista's offerings combine robotic drink preparation capabilities with software-driven inventory oversight. The company recently completed a new financing round and has reported cumulative funding to date. The financing details were reported via IT桔子. Botrista develops the Drinkbot, a robotic drink-mixing system with a refrigerated base that holds up to eight ingredients, a touchscreen control panel, and 14 separate dispensing nozzles. The Drinkbot can mix beverages in roughly 20 seconds. The company is led by founder Sean Hsu, a former Tesla engineer. Botrista raised a $10 million Series A and previously completed a $4 million seed, taking total funding to about $16 million. The startup plans to use the new funding to expand the robot’s footprint across the U.S. The company’s raise comes amid pandemic-driven shifts in foodservice and declining fountain drink sales in 2020, and follows competitors like Miso Robotics announcing similar beverage systems.

Team

  • Tiffany Canady

    Senior Vice President and Chief Financial Officer

    LinkedIn
  • Lawrence McComie

    Senior Vice President and Chief Credit Officer

    LinkedIn