Why We Invested in Drivepoint
At Vocap Partners, we look for software companies that combine a clear strategic advantage with a market opportunity where they can become indispensable. Drivepoint checks both boxes in a big way.
We are proud to lead Drivepoint’s $9M Series A, alongside the founders of Allbirds, Harry’s, and Warby Parker via Good Friends Venture Capital, as well as returning investors Las Olas Venture Capital, Bling Capital, Vinyl Capital, and Jefferies’ Family Office.
Scaling the “Office of the CFO” for CPG Brands
Drivepoint is on a mission to become the core hub for the “office of the CFO” among the world’s best consumer brands. With this new funding, the company will accelerate the rollout of AI agents, expand its demand planning capabilities, and invest in brand marketing to cement its leadership in the CPG strategic finance category. The vision is simple: equip brands to make faster, smarter, more confident financial decisions—without the overhead of a large finance team.
A Modern Finance Platform for Consumer Brands
The platform replaces the tangle of spreadsheets, emails, and outsourced CFOs with a unified, AI-powered solution purpose-built for the complexities of modern retail. Customers can view unified KPIs, close monthly books in days, model dozens of “what-if” scenarios instantly, and access CPG-specific forecasting accuracy unmatched by generalist tools. The results are compelling: customers see a median 7% EBITDA lift in year one, 50% better forecast accuracy, and up to $200K in annual savings compared to in-house or external personnel.
Why It Fits Our Thesis
Our investment thesis is rooted in the belief that software is eating services, and Drivepoint embodies this shift. By pairing domain-specific AI agents with deep retail context and channel integrations, Drivepoint delivers world-class finance capabilities without the associated human costs. Their vertical focus is a major advantage, enabling faster onboarding, more efficient go-to-market execution, and a product tuned to the exact needs of CPG finance teams.
A Team Built to Win
The team, led by CEO Austin Gardner-Smith, has a strong track record of innovation in both startup leadership and serving large consumer brands. Under Austin’s leadership, Drivepoint has achieved robust growth and a loyal base of forward-thinking brands like Graza, Oats Overnight, and Dose. Based on our extensive customer diligence, Drivepoint deeply understands the challenges of their customers, and has built a product that truly hits the mark.
We’re excited to partner with Austin and the Drivepoint team as they build the category leader in AI-powered finance for consumer brands.