# Drizly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drizly

- Industry: Internet
- Headquarters: Boston, US
- Website: www.drizly.com
- Total disclosed funding: $88M
- Latest round: Series C (Aug 20, 2020)
- Investors on record: 14

## About

Based in Massachusetts, US, and founded in 2012, Drizly, LLC. operates an e-commerce platform intended to deliver alcoholic and other related beverage products. The company was co-founded by CEO Cory Rellas and Justin Robinson. In February 2021, the company agreed to be acquired by Uber Technologies Inc. for USD 1.1 billion, upon completion of the transaction, Drizly will become a wholly-owned subsidiary of Uber.

Drizly provides an online liquor retail platform that sells liquor, mixers, and garnishes products, and delivers in under 60 minutes. Drizly allows its customers to browse thousands of new, international, and local alcoholic and liquor products using their mobile application.

Drizly generates revenue by partnering with over 1,400 local retailers to provide a wide selection of liquor to its 100 million customers across the U.S. and Canada.

Drizly plans to innovate and expand independently in its sector, while also gaining access to the mobile marketplace technologies of food delivery and ridesharing platform. Retailers on Drizly will be able to benefit from Uber’s routing technology and significant consumer base.

## Funding rounds

- Series C, Aug 20, 2020, $50M — Tiger Global Management, Avenir Growth Capital
- Series B, Nov 26, 2018, $4.6M — Baird Capital Partners, Polaris Partners, Tiger Global Management
- Series B, Jan 18, 2017, $4.9M — Polaris Partners
- Series B, Jul 28, 2016, $12M — Polaris Partners, Fairhaven Capital, First Beverage Group, Suffolk Equity Partners
- Series A, Apr 30, 2015, $12M — Polaris Partners, First Beverage Group, Suffolk Equity Partners
- Seed, May 21, 2014, $2.5M — Continental Investors, Suffolk Equity Partners, Vayner/RSE
- Seed, Jan 22, 2014, $2.3M — Atlas Venture, Fairhaven Capital, Breakaway Ventures, Abundance Partners, Continental Advisors, Reynolds & Company Venture Partners

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Seed
- Fairhaven Capital (https://capitalatlas.ai/funds/fairhaven-capital) — Seed, Series B
- Breakaway Ventures (https://capitalatlas.ai/funds/breakaway-ventures) — Seed
- Abundance Partners (https://capitalatlas.ai/funds/abundance-partners) — Seed
- Continental Advisors — Seed
- Reynolds & Company Venture Partners (https://capitalatlas.ai/funds/reynolds-company-venture-partners) — Seed
- Continental Investors (https://capitalatlas.ai/funds/continental-investors) — Seed
- Suffolk Equity Partners (https://capitalatlas.ai/funds/suffolk-equity-partners) — Seed, Series A, Series B
- Vayner/RSE (https://capitalatlas.ai/funds/vayner-rse) — Seed
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A, Series B
- First Beverage Group — Series A, Series B
- Baird Capital Partners (https://capitalatlas.ai/funds/baird-capital-partners) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B, Series C
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series C