Drizly was founded in 2012 by Nick Rellas, Justin Robinson, and Spencer Frazier. The company allows users to order alcohol directly and get it delivered from local liquor retailers through a mobile app or website. Initially, the service launched in the greater Boston area before expanding to Los Angeles, New York, and Chicago.
Drizly has raised about $120 million in funding over nine rounds. The company’s latest raise was a $50 million Series C round led by Avenir Growth Capital in August 2020. Series A/B investors include Polaris Partners, Cava Capital, Fairhaven Capital Partners, Suffolk Equity Partners, and First Beverage Group. Angel investors include Lars Albright, Ty Danco, Walt Doyle, and Fred Shilmover.
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