What is Drinks?
Drinks operates as the online leader in the adult beverage market, revolutionizing wine acquisition through its proprietary Wine as a Service (WaaS) platform and direct-to-consumer (DTC) channels. The company efficiently delivers a curated selection of thousands of award-winning wines to millions of customers across the United States within a 1-2 day timeframe. This sophisticated ecosystem is powered by patented enterprise technology, enabling customized merchandising and personalized shopper recommendations and messaging.
How much funding has Drinks raised?
Drinks has raised a total of $27M across 3 funding rounds:
Series A
$11M
Series B
$15M
Debt
$1M
Series A (2017): $11M with participation from Kayne Anderson Capital Advisors and NewRoad Capital Partners
Series B (2018): $15M led by Beverly Pacific and Shea Ventures
Debt (2020): $1M supported by PPP
Key Investors in Drinks
Beverly Pacific
Beverly Pacific, a manufacturer of engineered fiberglass reinforced plastic (FRP) air pollution control equipment, has participated in this funding round. Their expertise lies in industrial solutions, suggesting a potential interest in the operational or supply chain aspects of Drinks' business.
Shea Ventures
Shea Ventures, part of the historic J.F. Shea Co., a diversified construction and real estate entity since 1881, has backed Drinks. Their involvement may indicate an interest in the company's infrastructure, logistics, or long-term asset development.
Kayne Anderson Capital Advisors
Kayne Anderson Capital Advisors, a prominent investment firm, has provided capital to Drinks. Their focus often spans various sectors, suggesting a strategic financial partnership aimed at scaling the company's operations and market presence.
What's next for Drinks?
The recent major strategic investment positions Drinks for accelerated growth and further platform development. As a company that has successfully navigated multiple funding rounds, including Series B and debt financing, Drinks is likely focused on expanding its market reach, enhancing its technological infrastructure, and potentially exploring new product categories or service offerings. The sustained capital backing suggests a strategic vision aimed at solidifying its leadership in the digital beverage commerce space and optimizing its supply chain and customer engagement strategies.
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