Drizly, one of the leading alcohol e-commerce providers, has closed a $50 million funding round led by investment firm Avenir. Drizly has grown over 350% in 2020 and doubled the number of retail partners on its platform since January 1.
The deal comes as consumers continue to move toward online options for alcohol. While online retailers accounted for 2% of off-premise alcohol sales at the start of 2020, Drizly predicts as much as 20% of off-premise alcohol purchases to be transacted online within the next five years.
Source: PR Newswire, August 2020