Los Angeles based Drinks Raises $15 M to Serve Wine at Your Home
Los Angeles based DRINKS which operates the leading digital wine platform and the nation’s only Ship-To-Home solution had raised $15 million in a Series B capital round, bringing its total funding to approximately $25 million.
The round was led by Beverly Pacific, with participation from Shea Ventures. Other participating investors included the founder of Svedka Vodka Guillaume Cuvelier, former Sequential Brands Group CEO Yehuda Shmidman, Stable Road Capital and existing investors Kayne NewRoad Ventures and DRINKS CEO, Zac Brandenberg.
DRINKS will use these new funds to scale its unique ship-to-home platform that enables online and brick-and-mortar retailers to market wine directly to consumers in up to 41 states.
“We are excited to announce this additional financing and welcome t...