About Austin Cocktails
Austin Cocktails is a company based in Austin (United States) founded in 2011 by Jill Peterson Burns and Kelly Gasink was acquired by Constellation Brands in April 2022.. Austin Cocktails has raised $11.29 million across 5 funding rounds from investors including Constellation Brands. Austin Cocktails offers products and services including Canned Cocktails. Austin Cocktails operates in a competitive market with competitors including Sazerac, Ohza, Jiant, Haus and BuzzBallz, among others.
- Headquarter Austin, United States
- Founders Jill Peterson Burns, Kelly Gasink
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Declan Distillers, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.29 M (USD)
in 5 rounds
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Latest Funding Round
$2.51 M (USD), Series A
Mar 22, 2021
- Investors
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Employee Count
Employee Count
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Acquired by
Constellation Brands
(Apr 07, 2022)
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Products & Services of Austin Cocktails
Austin Cocktails offers a comprehensive portfolio of products and services, including Canned Cocktails. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Full-strength cocktails crafted with natural ingredients and premium spirits
Funding Insights of Austin Cocktails
Austin Cocktails has successfully raised a total of $11.29M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.51 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $2.5M
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First Round
First Round
(15 Sep 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Austin Cocktails | Valuation |
investors |
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| Feb, 2020 | Amount | Series A - Austin Cocktails | Valuation |
investors |
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| Oct, 2018 | Amount | Series A - Austin Cocktails | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Austin Cocktails
Austin Cocktails has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Constellation Brands. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-category alcoholic beverage company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Austin Cocktails
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Austin Cocktails
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Austin Cocktails Comparisons
Competitors of Austin Cocktails
Austin Cocktails operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sazerac, Ohza, Jiant, Haus and BuzzBallz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global producer of spirits with worldwide brands and distilleries.
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| domain | founded_year | HQ Location |
Alcoholic cocktail kits are sold online by Ohza.
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| domain | founded_year | HQ Location |
Fresh-brewed hard teas and kombuchas are produced by Jiant.
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| domain | founded_year | HQ Location |
Ready-to-drink alcoholic beverages are produced and branded by Haus.
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| domain | founded_year | HQ Location |
Ready-to-drink cocktails are produced and distributed by BuzzBallz brand.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Austin Cocktails
Frequently Asked Questions about Austin Cocktails
When was Austin Cocktails founded?
Austin Cocktails was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Austin Cocktails located?
Austin Cocktails is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Austin Cocktails a funded company?
Austin Cocktails is a funded company, having raised a total of $11.29M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4.26M, raised on Sep 15, 2016.
What does Austin Cocktails do?
Austin Cocktails was established in 2011 in Austin, United States, within the alcoholic beverages sector. Ready-to-drink products are developed and marketed, targeting convenience for consumers. Operations are centered on formulation, production, and distribution of pre-mixed cocktails. The company is co-led by founders Jill Peterson Burns and Kelly Gasink, with activities based primarily in the U.S. market.
Who are the top competitors of Austin Cocktails?
What products or services does Austin Cocktails offer?
Austin Cocktails offers Canned Cocktails.
Who are Austin Cocktails's investors?
Austin Cocktails has 1 investor. Key investors include Constellation Brands.