Drizly Grabs $15M Series B Funding

What does Drizly do?

Drizly, is a tech company which is transforming the way alcohol is shopped, sold and shared online. This is a company which provides an on demand delivery a variety of wine, beer and spirits. The company operates in a somewhat similar way to Uber, providing tech infrastructure which allows liquor retailers the chance of providing their own on-demand service an e-commerce network through this company.

How much Drizly was funded?

The company raised $15M in Series B on August 4, 2016 from Polaris Partners.

Previous funding

$2.25M on January 22, 2014 from Julian Jung, T.J. Mahony, Alex Keith, Charles Meyer, Chris Merrill,  Ivan Mitrovic, Continental Advisors, Fred Shilmover,  Breakaway Innovation Group, Fairhaven Capital Partners, Reynolds & Company Venture Partners,  Lars Albright, Tom Crotty, Ty Danco,  Chase Garbarino, Atlas Venture, Walt Doyle,  Abundance Partners, Pat Kinsel and Alex Doll.

$250k on January 31, 2014 from Boston Syndicates (BOSS)

$2.5M on May 21, 2014 from Vayner/RSE, Continental Investors, Suffolk Equity Partners

Undisclosed amount in undisclosed round on February 1, 2015 from Reynolds & Company Venture Partners

$13M in Series A on May 18, 2015 from First Beverage Group, Suffolk Equity Partners, Polaris Partners,  Cava Capital and Fairhaven Capital Partners.

What is next for Drizly?

The company plans to use the latest funding raised for further driving the company’s brand awareness and brand expansion, both in the nation and internationally. The company is currently on track to 4.8 times year over year growth in orders, users and revenue.

More about Drizly

Drizly was founded on July 1, 2012 by Justin Robinson, Nicholas Rellas and Cory Rellas. It has its headquarters in Boston, Massachusetts. In just four years of its launch the company has become the e-commerce destination for wine, beer and liquor by building a great comprehensive product catalog which is available online.