Alcohol Delivery App Drizly Raises $2.5 Million In Financial Funding.
The smartphone application for quick, convenient alcohol delivery, Drizly, has recently announce that it has manage to raise a total of $2.5 million in financial funding. This round was led by Continental Investors of Chicago, with participation from Gary Vaynerchuk through its new Vayner RSE fund, and Suffol Equity, as well as participation from currently existing investors who were previously announced during January as a part of this initial $2.3 million financial funding.
This funding shall be used to expand its distribution of the Drizly service towards new markets, developing world-class user experience and interfaces, increase operation capacity and customer service, and to drive customer awareness and acquisition.
Hatched up by three classmates frm Boston College during 2011, Drixly is like having a liquor store on the users smartphone. With a large assortment of beer selection, wine and spirits, the best and biggest retail delivery network within the US, and the same prices as in the store, Drizly is bring their consumer experience of purchasing alcohol at retail into the digital age.
“With thriving operations in four cities across the US, Drizly is fast becoming the Amazon for alcohol, known for selection, convenience and value,” said Nick Rellas, co-founder and CEO of Drizly. “Drizly has unique technology, the best team, and the right plan for making alcohol delivery a ubiquitous part of entertaining in the US. We are thrilled to partner with these world class investors to make it a reality.”
In addition to proprietary forensic ID verification technology, Drizly is the only service of its kind to receive explicit approval from the alcohol control boards in many of the states it does business in, effectively certifying that it is complementary to the three-tier system of selling alcohol.
“Drizly is a unique platform technology that is demonstrating a powerful ability to drive incremental consumer shopping and purchasing behavior while leveling the playing field of commerce. Nick and the team have the focus, discipline and technology to win big,” said Paul Purcell of Continental, who will be joining the Board as part of this financing. “We think it has a chance to be one of those market-defining mobile lifestyle apps like Uber.”
“With a focus on mobile and alcohol, and some strong strategic differentiators, Drizly was uniquely interesting,” said Vaynerchuk. “We are really excited to help the company get to the next level.”