About Drizly
Drizly is a company based in Boston (United States) founded in 2012 was acquired by Uber in February 2021.. Drizly has raised $117.31 million across 6 funding rounds from investors including Uber, Atlas Venture and Vayner/RSE. The company has 112 employees as of December 31, 2022. Drizly has completed 1 acquisition, including ButteryApp. Drizly operates in a competitive market with competitors including ReserveBar, Vroom Delivery, Minibar Delivery, Bevz and Oznr, among others.
- Headquarter Boston, United States
- Employees 112 as on 31 Dec, 2022
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Sectors
Retail
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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 Drizly
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Software Development Team
245 people
Product Management Team
84 people
Sales and Marketing
72 people
Leadership Team
63 people
Data Analysis and Operations Team
51 people
Senior Team
45 people
Finance and Accounting
41 people
Operations Team
26 people
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Funding Insights of Drizly
Drizly has successfully raised a total of $117.31M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in August 2020. 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 6
- Last Round Series C — $50.0M
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First Round
First Round
(22 Jan 2014)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series C - Drizly | Valuation | Avenir Growth Capital | |
| Dec, 2018 | Amount | Series C - Drizly | Valuation | Polaris Partners , Baird Capital |
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| Aug, 2016 | Amount | Series B - Drizly | Valuation | Polaris Partners |
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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 Drizly
Drizly has secured backing from 30 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Uber, Atlas Venture and Vayner/RSE. 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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Growth equity investments are made by the private equity firm.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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US focused venture capital firm
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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 Drizly
Drizly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ButteryApp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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On demand wines, spirits & beers from local stores.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Drizly
| 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 |
Drizly Comparisons
Competitors of Drizly
Drizly 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 ReserveBar, Vroom Delivery, Minibar Delivery, Bevz and Oznr, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Premium alcohol products are sold via an online platform.
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| domain | founded_year | HQ Location |
Online platform to order alcoholic beverages from partnered liquor stores and restaurants
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| domain | founded_year | HQ Location |
Mobile-first On-Demand Alcohol Delivery
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| domain | founded_year | HQ Location |
Alcoholic beverages are retailed online by Bevz.
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| domain | founded_year | HQ Location |
Online marketplace for connecting craft beverages
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Drizly
Frequently Asked Questions about Drizly
When was Drizly founded?
Drizly was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Drizly located?
Drizly is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Drizly?
Cathy Lewenberg is the current CEO of Drizly.
Is Drizly a funded company?
Drizly is a funded company, having raised a total of $117.31M across 6 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jan 22, 2014.
How many employees does Drizly have?
As of Dec 31, 2022, the latest employee count at Drizly is 112.
What does Drizly do?
Drizly was founded in 2012 in Boston, United States, as a platform in the alcohol delivery sector. An on-demand service for liquors is operated through a mobile application available on Android and iOS devices. Recommendations of alcohols, including whiskey, vodka, tequila, gin, and rum, are made based on user preferences. Delivery tracking is provided, and pricing comparisons for liquors are facilitated on the platform.
Who are the top competitors of Drizly?
Drizly's top competitors include Vroom Delivery, Minibar Delivery and ReserveBar.
How many acquisitions has Drizly made?
Drizly has made 1 acquisition, including ButteryApp.
Who are Drizly's investors?
Drizly has 30 investors. Key investors include Uber, Atlas Venture, Vayner/RSE, Avenir, and Tiger Global.
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