Drizly, a Boston, MA-based ecommerce platform for beer, wine and liquor, secured $13m in Series A financing.
Backers included Polaris Partners, First Beverage Group and existing investors. In conjunction with the funding, Pat Kinsel, venture partner with Polaris Partners will join the Drizly Board.
The company intends to use the proceeds to invest in product development, sales and marketing, operations and global distribution.
Founded in 2012 by Nick Rellas, CEO, Drizly legally connects alcohol supply and demand for the system, which comprises distributors, suppliers and sellers. It also offers an API, allowing e-commerce opportunities in alcohol for publishers, social networks, and recommendation engines.
With the consent of regulators across the United States, the company currently operates in more than 15 American cities (Austin, Baltimore, Boston, Chicago, Denver, Indianapolis, Los Angeles, New York City, Providence, Seattle, St. Louis and Washington D.C., and others), with more than 150 retail and supplier partnerships.
22/01/2014: FinSMEs Drizly Raises $2.25M in Seed Funding