Drizly Receives $15M Investment

Leading digital alcohol delivery service Drizly has announced a new $15 million investment from its Series B financing.

This funding brings total investment in Drizly to $32.8 million, the company said in a press release, and will be used to “further drive the company’s rapid expansion and brand awareness, both in the U.S. and internationally.”

Drizly is an online service that allows users to order beer, wine, spirits and other alcohol to be delivered to their doorstop. The company presents consumers with a wide selection in “an unprecedented way that is compliant with the three-tier system made up of suppliers, wholesalers and retailers,” the company said.

The new round of financing was led by Polaris Partners with participation from existing investors.

“Four years ago we set out to bring technology into one of the most regulated consumer industries in America,” said Nick Rellas, co-founder and CEO of Drizly. “Today, Drizly stands as the technology company leading one of the biggest shifts from the physical to digital world and we could not be more proud and excited about the opportunity in front of us.”

Drizly is currently on track to see a 4.8-times year-over-year growth in users, orders and revenue, the company reported.

 

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