Drivepoint raises $9m to scale AI finance platform

By Vriti Gothi

Drivepoint has raised over $9 million to accelerate product innovation and scale its market presence. The total includes a new $7 million Series A round led by Vocap Partners and a previously undisclosed investment earlier in 2024. Returning investors Bling Capital, Vinyl VC, Las Olas Venture Capital, and Jefferies’ Family Office also participated.

 Emery Waddell, Partner at Vocap, said, “Drivepoint is rapidly emerging as the default solution for intelligent finance in retail. Given its innovation record, consumer brand expertise, and proven ROI, it’s only a matter of time before enterprise players follow suit.”

New capital also came from Good Friends VC, the firm founded by the creators of Allbirds, Harry’s, and Warby Parker, with Allbirds Co-Founder Joey Zwillinger personally leading the investment. They join an investor roster that includes founders such as Brian Tate (Oats Overnight), Jordan Nathan (Caraway), and Brian Riley (Guardian Bikes).

Drivepoint’s platform combines spreadsheet-native flexibility, deep retail integrations, and AI-native forecasting to help brands model, plan, and make real-time financial decisions. High-growth customers include Curology, True Classic, and Simple Modern.

Impact examples include: Graza using Drivepoint for automated modelling to achieve record multi-channel growth with a one-person finance team; Oats Overnight unlocking $4 million in EBITDA via scenario planning; and Dose improving gross margin by 3–5% through greater forecast confidence.

Funding will accelerate AI development in forecasting, variance analysis, and decision intelligence, alongside scaling go-to-market efforts.

Austin Gardner-Smith, CEO and Co-Founder, Drivepoint,  said, “This milestone validates our vision. On average, customers see 6.7% EBITDA gains in their first year, unlocking significant enterprise value. We’re ready to deliver that impact to even more brands.”