Drizly Group, a Boston, MA-based alcohol e-commerce and delivery company, closed a $50m Series C funding round.
The round was led by Avenir with participation from Tiger Global and other existing investors.
The company intends to use the funds to further accelerate its product and customer growth.
Led by Cory Rellas, CEO, Drizly enables consumers to shop a huge selection of beer, wine and spirits, with a transparent shopping experience, where they can compare stores on price, delivery time, overall rating and more. The company operates in 235 markets across North America through a network of 3,300 leading independent and chain retail partners.
The investment will support both Drizly and Lantern, an independently operated online cannabis commerce company within Drizly Group. Launched in March, it is currently operating in Massachusetts and Michigan.