About Drync
Drync is a Retail company based in Boston (United States) founded in 2008, and was acquired by Bridge in March 2019. Provider of app-based solutions to grocery retailers. 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. Its focus areas include Food and Agriculture Tech, Online Grocery, Technology Enablers and Alcoholic Beverage Retailers. Its competitors include Squarespace, Weebly and Webs; 3 of its 3 listed competitors have raised funding.
Company details
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.
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 $5.2M
- Total Rounds 4
- Last Round Seed — $2.2M
- First Round $50,000
(Oct 2011)
- Investors Count 10
All 4 funding rounds of Drync with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $2.2M | Seed | – | – | – |
| Apr 2014 | $2.1M | Seed | – | Foundry, KEC Ventures | |
| Aug 2013 | $900,000 | Angel Round | – | Mark Hastings, Jack Remondi | – |
| Oct 2011 | $50,000 | Grant | – | – |
11 investors in total: 6 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in early-stage tech startups. | foundry.vc | Boulder, United States | ||
Seed stage venture capital firm investing in the US | kecventures.com | New York, United States | ||
Tech focused early-stage micro VC firm investing in the US | greatoaksvc.com | New York, United States | ||
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Early-stage entrepreneurs are accelerated through MassChallenge's program. | masschallenge.org | Boston, United States | ||
WL Waikit Lau | unknown_908edcbc4e86485d8 | |||
DS Dharmesh Shah | Co-founder of HubSpot, active angel investor in Indian startups | unknown_e52c80c0516d4fb2b | ||
MH Mark Hastings | Indian angel investor focusing on tech startups, based on limited public data. | unknown_e52565e9abca428a9 | ||
JR Jack Remondi | Indian angel investor, active in early-stage startups, based in India. | unknown_59ee7b35912a4a63b | ||
AM Andrew Moss | Angel investor in Indian startups, focused on tech and innovation. | unknown_b7d51e4960e545b5b |
Investor details for Drync
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Investments & Acquisitions by Drync
Drync has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Likelii.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Wine recommendation engine | likelii.com | Cambridge, United States | 2011 | Jun 2018 | •••• |
Complete acquisition details for Drync
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Competitors of Drync
Drync has 3 listed competitors in our database, 3 of them funded. They include Squarespace, Weebly and Webs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| squarespace.com | 2003 | New York, United States | $591.5M | 1,749 | Cloud-based website builder tool | |
| weebly.com | 2007 | San Francisco, United States | $39.81M | 310 | Tools for creating websites and online stores are provided. | |
| webs.com | 2001 | Silver Spring, United States | $23.12M | Websites are built without coding via a cloud-based drag-and-drop platform. |
Detailed competitors of Drync
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Web traffic of Drync
Websites that share an audience with Drync (drync.com).
Websites whose visitors overlap most with Drync. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
globalwinespirits.com | globalwinespirits.com | 100% | – | ||
| snooth.com | 99% | 1.3K | #13,843,364 | View details | |
thepinesvineyard.com | thepinesvineyard.com | 99% | #14,758,653 | – | |
| hellovino.com | 99% | 3.3K | #5,851,484 | View details | |
dalluva.com | dalluva.com | 98% | #4,737,148 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Drync
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- 13 similar websites
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Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Drync (Autonomous & In-Store Retail Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | 576 | ||
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | 2,684 |
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Related news about Drync
Complete news archive for Drync
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Frequently Asked Questions about Drync
Drync was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Drync is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
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 Grant of $50K, raised on Oct 2011.
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.
Drync's top competitors include Squarespace, Weebly and Webs.
Drync has made 1 acquisition, including Likelii.
Drync has 11 investors. Key investors include Bridge, Foundry, KEC Ventures, Great Oaks Venture Capital, and Crosslink Capital.
Yes. Drync was acquired by Bridge in March 2019.