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🦄 Unicorner Startup of the Week: TendedBar
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✍️ Notes From The Editors
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We’re in a party mood this week. What better way to combine that with startups than an automated bar solution like TendedBar? Cheers 🥂
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Fully automated bar solutions
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TendedBar is a fully automated bar that serves beers and cocktails to patrons, and includes analytics for the businesses that use it. It offers venues permanent and mobile solutions and claims the technology decreases wait times and overall waste.
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💰 Business Model
TendedBar is a B2B company that works directly with venues such as hotels, restaurants, stadiums, airports, and more.
📈 Traction and Fundraising
- Used for a season at Jacksonville Jaguars games and was at multiple events in Jacksonville, Florida, according to FinSMEs and PR Newswire
- Raised $5 million Series A led by BASE Capital, and participation from Platform Ventures and Craig Musgrove
👫 Founder(s)
- Jay Perkins, CEO: Previously Sales Engineer Intern @ Rockwell Automation, Intern @ EESCO, Intern @ Englewood Electrical Supply, Electrical and Computer Engineering @ Purdue University
- Justin Honeysuckle, COO: Currently President @ Honeysuckle Design Co.; Previously Director of Construction @ LYNK Capital, Interior Architecture/Design Master’s and Construction Management Bachelor’s @ Florida State University
💼 Opportunities
Be sure to mention you came from Unicorner when applying!
🔮 Our Analysis
Today, we already have automated drink machines in the form of soda fountains. Now, this automation is coming to alcoholic beverages in the form of the TendedBar. One challenge this brings is preventing underage drinking, which TendedBar has tackled through scanning licenses and ID validation through facial recognition technology. This verification system also helps the company serve patrons more efficiently, achieving its top rate of 14 drinks in one minute, according to TendedBar. Another benefit of the automated system is that the company can provide venues with detailed analytics data on what patrons are ordering. However, the company doesn’t advertise its technology as a complete alternative to bartenders, rather as a tool to free up the bartender or serve drinks at venues that don’t have space for a full bar. One thing to look out for is how the automation of beverages plays into the automation of the whole hospitality industry, and the possibility of a future where we see fully autonomous restaurants.
📚 Further Reading
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Made with 💜 by the Unicorner Team 🦄
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🎁 Bonus Content!
This week's bonus content is for our Gen Z readers. Want to know more about how Gen Z is taking the venture world by storm? Every Monday, ZFoundr delivers five top Gen Z founded startups, learning resources, and venture news to your inbox. If you’re an investor, founder, or just want to learn about the next generation of tech innovation, join the ZFam here. |
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