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May 30, 2022 View:

U.S. wine e-commerce platform Drizly closes $50 million Series C funding round

Drizly USA closed a $50 million Series C round of funding led by Avenir with participation from Tiger Global and other existing investors. The funds raised in the round will be used for product development and to drive customer growth.

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Drizly is a wine e-commerce platform founded in 2012 by Cory Rellas, Justin Robinson, Nicholas Rellas and Spencer Frazier, based in Boston, USA, with the aim of providing consumers with an ordering service for alcoholic beverages.

Consumers can order a wide range of alcoholic beverages, including beer, wine and spirits, from the Drizly app and website. Consumers can also compare prices, delivery times and purchaser reviews of items from different stores on the platform. drizly completes deliveries by courier and can deliver in as little as 60 minutes.