Here’s the pitch deck that won Silicon Valley’s Bespoken Spirits $2.6 million for its ‘Nespresso machine’ for whisky
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- Silicon Valley-based drinks startup Bespoken Spirits has raised $2.6 million in a seed fundraising round backed by tech billionaire T.J. Rodgers.
- The firm is working to disrupt the global spirits industry, which is set to be worth more than $800 billion by 2022.
- Using machine learning technology, Bespoken Spirits says it can cut the time required to age spirits like rum or whiskey down from months to just a few days.
- Business Insider got an exclusive look at the pitch deck the firm used to bring investors on board.
- Visit Business Insider’s homepage for more stories.
Bespoken Spirits, the drinks startup using machine learning to age whisky faster, has raised $2.6 million in seed funding.
The Silicon Valley-based firm is working to disrupt the global spirits industry, which experts at business analysis firm MarketLine say could be worth more than $800 billion globally by 2022.
In order to acquire their distinct flavors, spirits like rum or whisky usually have to be matured in sealed barrels for months or years at a time.
But Bespoken Spirits says its technology can reproduce the same taste in a matter of days.
“The traditional spirits production process is outdated, imprecise, unpredictable, unsustainable, and inefficient,” said Janousek, a material scientist and former exec at Bloom Energy.
“The barrel aging process costs billions of dollars in lost product and limits ability to pivot along with consumer tastes and demands,” he added. “We’ve reimagined the process with modern science and sustainable technology, using the same all-natural elements of wood, toast, and char.”
The firm’s backers include TJ Rodgers, the billionaire and Silicon Valley luminary, and professional baseball icon and businessman Derek Jeter.
Business Insider got an exclusive look at the pitch deck Bespoken Spirits used to bring investors on board.
Check it out below: