# Sidework

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sidework

- Industry: Consumer Products
- Headquarters: San Diego, US
- Website: www.sidework.co
- Total disclosed funding: $8M
- Latest round: Seed (Oct 24, 2023)
- Investors on record: 5

## About

Sidework, based in the US, specializes in intelligent beverage dispensers that automate drink crafting and serving in various venues, enhancing efficiency and customer satisfaction.Founded in 2019 in San Diego, US, Sidework designs intelligent beverage dispensers for cafés and restaurants. The company's founders include Adam Elghor, Brian Kaplan, Kevin Monpara, and current CEO Rishabh Kewalramani. Sidework has secured a total funding of USD 4.50 mn through a SEED round led by Cherubic Ventures, which included other investors like Finistere Ventures and Outlander VC. The company has completed three funding deals to date.Sidework specializes in intelligent beverage dispensers designed to automate the crafting and serving of various drinks across multiple venues, including cafés, quick-service restaurants (QSR), and full-service restaurants (FSR). The dispensers can prepare complex beverages at the touch of a button, utilizing a software-hardware integration that allows for precise dispensing of ingredients, including beverages like coffee, cocktails, energy drinks, kombucha, and more. Key functionalities include the ability to dispense drinks in under 10 seconds, manage modifiers and customizations automatically, and ensure consistency in drink quality regardless of the operator. This product caters primarily to businesses aiming to enhance efficiency and customer satisfaction in beverage service, with a client base that includes restaurant chains, cafés, and hospitality establishments in North America and parts of Europe and Asia.The revenue model for Sidework revolves around direct sales of its intelligent beverage dispensers to businesses in the food and beverage industry. Transactions typically involve the outright purchase of the dispensers, which may include additional service agreements for maintenance or software updates. Sidework may also engage in B2B partnerships, allowing clients to integrate their systems with Sidework’s technology, enhancing operational efficiencies and customer experiences. Specific pricing plans for the dispensers are tailored to meet the needs of clients, with potential offerings for maintenance contracts and upgrades, although specific figures are not disclosed. This strategic approach allows Sidework to build long-term relationships with its customers while providing them with a platform to enhance their beverage offerings and overall service quality.Sidework plans to launch upcoming products that will further enhance their intelligent beverage dispensing technology. The company is targeting expansion into new markets, including Europe and Asia, by the end of 2024. The recent funding of USD 4.50 mn from the SEED round will support these initiatives, including product development and market penetration strategies.

## Funding rounds

- Seed, Oct 24, 2023, $4.5M — Finistere Ventures, SOSV, Cherubic Ventures, Pathbreaker Ventures, Outlander VC
- Seed, Mar 18, 2022, $3.5M — Finistere Ventures, SOSV, Pathbreaker Ventures, Outlander VC

## Investors

- Finistere Ventures (https://capitalatlas.ai/funds/finistere-ventures) — Seed
- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Pathbreaker Ventures (https://capitalatlas.ai/funds/pathbreaker-ventures) — Seed
- Outlander VC (https://capitalatlas.ai/funds/outlander-vc) — Seed
- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Seed