Co-founded by high school and university mates, Rich Coombes and Mike Abbott, who have each had previous entrepreneurial successes – Rich, with Batlow Cider, Capital Brewing and Will & Co Coffee and Mike, who co-founded Uber in Australia – Kaddy, was designed to evolve the antiquated methods of ordering and payment in the beverage industry and operate as a centralised platform to connect venues and retailers – to discover, order, invoice and pay.
Following an $800,000 angel investor raise in June 2019 and launch in September, June 2020 saw the business raise another $3.5 million dollars in an oversubscribed round to ultimately list names like KTM Ventures, SpringCapital and a previous guest and friend of the show, Stevan Premutico (the founder of Dimmi and me&u) all on their cap table.
Now, having grown to over ten times the size it was pre-COVID, Kaddy is rolling out across the East Coast of Australia with significant plans for the future.
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