iPourIt, Inc. Closes Series A Financing To Bring Self-Serve Beer To A Restaurant or Stadium Near YouJanuary 9, 2013 By: Nightclub and Bar
iPourIt, Inc., the self-serve beer provider, announced that is has closed a Series A round of funding with participation from METRIX Capital Group, which also includes investors Joe Ueberroth and Jon Spotts. As part of the funding, Jon Spotts will join the Company's Board of Directors. iPourIt plans to use this new round of funding primarily to expand its sales and marketing efforts nationally.
"We are excited to jump straight into commercialization with our first round of financing and provide a service to our clients that increases revenue, reduces expense and is fun and convenient for their patrons. Our Series A round of financing gives us the flexibility to implement our system anywhere from the corner bar to a 100,000 seat stadium." said iPourIt CEO, Joseph McCarthy.
METRIX Founder and Managing Partner, Jeff Brannon, said of the investment, "Joseph and Brett have done a great job in identifying a technology that eliminates a pain point that bar and restaurant owners have been agonizing over for years. Between the tech and the team, iPourIt is well positioned to catapult onto the national scene and disrupt the industry."
iPourIt founders developed their patent pending technology in just two and a half years and have already received a Cool Idea! Award and signed two initial clients in Orange County, where the company is based. The company is currently in discussions with nationally recognized restaurant chain operators as well as a major stadium and event center concession management company to implement the iPourIt system at large scale. iPourIt is well positioned to take advantage of opportunities like these with strong leadership from company founders Brett Jones and Joseph McCarthy who both come from backgrounds as C-level public company executives.