Drizly adds $2.5 million to expand its alcohol delivery service

(PRNewsFoto/Drizly, Inc.)
(PRNewsFoto/Drizly, Inc.)

This morning, Boston-based alcohol delivery service Drizly revealed that it has raised an additional $2.5 million in funding for its seed round adding to the $2.3 million that the company announced in January.

The company offers a mobile app that lets consumers order alcohol from local liquor stores and have the orders delivered to their home. The service is now available in Boston, New York City, and Chicago, which is reflected in the latest round of funding.

Locally, Suffolk Equity of Cambridge — the  venture capital firm of Liquor.com board member Freddie Martignetti — took part in the round, in addition to New York’s Vayner RSE (Gary Vaynerchuk) and Chicago’s Continental Investors.

In a statement, Vaynerchuk said, “With a focus on mobile and alcohol, and some strong strategic differentiators, Drizly was uniquely interesting. We are really excited to help the company get to the next level.” 

The latest funding adds to the earlier $2.3 million in funding that had a lot of local participation. Investors in the initial funding include Atlas Venture, Fairhaven Capital Partners, Breakaway Ventures, and a handful of individuals, including InsightSquared’s Fred Shilmover, Streetwise Media’s Chase Garbarino, Ty Danco of Buyside F/X, and Walt Doyle, among others.

Drizly has had a busy few months, expanding first to Manhattan, then, more recently to Brooklyn and, last week, to Chicago. Additionally, the company added Hugh Hunter as its vice president of engineering, Jeremy Kriegel as its vice president of customer experience, and Bryan Goodwin as its new vice president of sales and retail partners early in May.

Nick Rellas, Drizly co-founder and chief executive, said the additional funding allows Drizly to continue assembling talent and to expand nationally.

“We continue to see incredible consumer demand across our three markets as the cross over from physical to digital worlds accelerates in the spirits industry,” Rellas said.

Other than growing the Drizly team, the company is actively trying to push its alcohol delivery app into new markets, including, word has it, to Los Angeles.

Dennis Keohane was a Senior Staff Writer for BetaBoston.
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