About DRNXMYTH
DRNXMYTH is a company based in Los Angeles (United States) founded in 2014 by Lawrence Cisneros.. DRNXMYTH has raised $4.6 million across 2 funding rounds from investors including Red Door Capital Partners. DRNXMYTH offers products and services including Bottled Cocktails, Gift Cards, and Delivery Bundles. DRNXMYTH operates in a competitive market with competitors including Modica, Talkhouse Encore, Tilden Cocktails, Craftmix and Tribini Brands, among others.
- Headquarter Los Angeles, United States
- Founders Lawrence Cisneros
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Sectors
RetailConsumer
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.6 M (USD)
in 2 rounds
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Latest Funding Round
$3.7 M (USD), Series A
Mar 13, 2023
- Investors
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Employee Count
Employee Count
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Products & Services of DRNXMYTH
DRNXMYTH offers a comprehensive portfolio of products and services, including Bottled Cocktails, Gift Cards, and Delivery Bundles. 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.
Handcrafted drinks using fresh juices for direct delivery
Digital cards for purchasing cocktails and bundles
Pre-set packages with cocktails and shipping options
Funding Insights of DRNXMYTH
DRNXMYTH has successfully raised a total of $4.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.7 million completed in March 2023. 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 2
- Last Round Series A — $3.7M
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First Round
First Round
(01 Oct 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Series A - DRNXMYTH | Valuation | Red Door Capital Partners |
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| Oct, 2019 | Amount | Seed - DRNXMYTH | 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 DRNXMYTH
DRNXMYTH has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Red Door Capital Partners. 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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Red Door Capital Partners is engaged in private equity investments.
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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 DRNXMYTH
| 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 - DRNXMYTH
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Drnxmyth Comparisons
Competitors of DRNXMYTH
DRNXMYTH 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 Modica, Talkhouse Encore, Tilden Cocktails, Craftmix and Tribini Brands, 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 |
Cocktail mixes in various flavors are offered online by Modica.
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| domain | founded_year | HQ Location |
Provides flavored tequila and vodka seltzers for consumer enjoyment and events.
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| domain | founded_year | HQ Location |
Internet first brand offering cocktail kits
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| domain | founded_year | HQ Location |
Internet-first cocktail mixes in various flavors are offered by Craftmix.
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| domain | founded_year | HQ Location |
Internet first brand offering cocktails
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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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Frequently Asked Questions about DRNXMYTH
When was DRNXMYTH founded?
DRNXMYTH was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is DRNXMYTH located?
DRNXMYTH is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is DRNXMYTH a funded company?
DRNXMYTH is a funded company, having raised a total of $4.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $900K, raised on Oct 01, 2019.
What does DRNXMYTH do?
DRNXMYTH was founded in 2014 in Los Angeles, United States, within the beverage sector. Bottled cocktails are produced using fresh, cold-pressed juice and a patented twist-to-mix technology. Bartender recipes are commercialized through high-pressure processing methods. Fresh produce is sourced for the cocktails, which are designed to serve two people. Operations focus on delivering ready-to-mix options with preserved ingredient quality.
Who are the top competitors of DRNXMYTH?
DRNXMYTH's top competitors include Tilden Cocktails, Modica and Craftmix.
What products or services does DRNXMYTH offer?
DRNXMYTH offers Bottled Cocktails, Gift Cards, and Delivery Bundles.
Who are DRNXMYTH's investors?
DRNXMYTH has 1 investor. Key investors include Red Door Capital Partners.