About Drync
Drync is a company based in Boston (United States) founded in 2008 was acquired by Bridge in March 2019.. Drync has raised $5.2 million across 4 funding rounds from investors including Bridge, Foundry and KEC Ventures. Drync has completed 1 acquisition, including Likelii. Drync operates in a competitive market with competitors including Shopify, Squarespace, Weebly, Webs and Ocado Group, among others.
- Headquarter Boston, United States
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Sectors
Retail
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Phone
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Website
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Social
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Funding Insights of Drync
Drync has successfully raised a total of $5.2M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in June 2017. 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 4
- Last Round Seed — $2.2M
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First Round
First Round
(24 Oct 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Seed - Drync | Valuation |
investors |
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| Apr, 2014 | Amount | Seed - Drync | Valuation | Foundry , KEC Ventures | |
| Aug, 2013 | Amount | Angel Round - Drync | Valuation | Mark Hastings , Jack Remondi |
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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 Drync
Drync has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Bridge, Foundry and KEC Ventures. 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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Venture capital is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Seed stage venture capital firm investing in the US
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Founded Year | Domain | Location | |
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Tech focused early-stage micro VC firm investing in the US
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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 Drync
Drync has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Likelii. 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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Wine recommendation engine
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2011 |
| 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 - Drync
| 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 |
Drync Comparisons
Competitors of Drync
Drync 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 Shopify, Squarespace, Weebly, Webs and Ocado Group, 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 |
E-commerce storefront solutions are provided for online businesses.
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| domain | founded_year | HQ Location |
Cloud-based website builder tool
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| domain | founded_year | HQ Location |
Tools for creating websites and online stores are provided.
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| domain | founded_year | HQ Location |
Websites are built without coding via a cloud-based drag-and-drop platform.
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| domain | founded_year | HQ Location |
Software solutions for online grocery fulfillment and operations are provided.
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| domain | founded_year | HQ Location |
Customized websites, blogs, and online stores are created using Jimdo.
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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 Drync
Frequently Asked Questions about Drync
When was Drync founded?
Drync was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is Drync located?
Drync is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Drync a funded company?
Drync is a funded company, having raised a total of $5.2M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $900K, raised on Oct 24, 2011.
What does Drync do?
Drync was founded in 2008 in Boston, United States, as a provider of app-based solutions tailored to grocery retailers, particularly those handling alcoholic beverages. Mobile commerce applications are offered alongside web-based management systems that support order processing, delivery options, POS integration, and content features. Operations include multi-location store support, local delivery, ship-to-store services, flash sales, social media connections, and promotional tools, serving the retail sector across the region.
Who are the top competitors of Drync?
Drync's top competitors include Shopify, Squarespace and Weebly.
How many acquisitions has Drync made?
Drync has made 1 acquisition, including Likelii.
Who are Drync's investors?
Drync has 11 investors. Key investors include Bridge, Foundry, KEC Ventures, Great Oaks Venture Capital, and Crosslink Capital.
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