
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
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.