Drizly, an alcohol delivery app, has raised $13 million in Series A financing from Polaris Partners, with participation from First Beverage Group and existing investors. The company will use the funding to invest in product development, sales and marketing, operations and global distribution. “Off-premise alcohol sales is a $100 billion business that’s untouched by technology,” said Pat Kinsel, venture partner with Polaris Partners who will join the Drizly Board. “With Drizly, we are investing in a legal framework that connects alcohol supply and demand with full support of the industry players, who are all eager to see how innovation will transform their business.”
Financial data company YCharts has closed a $6 million Series C round of funding. The financing was led by Morningstar, with participation from Reed Elsevier, I2A, Amicus Capital Partners, Hyde Park Angels and individual investors. Ara Anjargolian, co-founder and CTO of YCharts, said: “We knew from day one that it would take four-to-five years to build our platform to compete in the professional segment of the market. We got there in mid-2014, and now we’re scaling a world-class sales organization.” Anjargolian added: “We’ll never stop improving on the platform. Every month we’re adding functions and features sought by our clients.”
Acast, a Swedish podcast platform, has raised $5 million from Bonnier Growth Media, as the one year old company looks to expand into Europe and the U.S. The website currently boasts 1 million unique users and 12 million streams per month. “Acast has a strong team with a proven and scalable concept. We are convinced that Acast has a very interesting position on a growing podcast market,” Bonnier Growth Media CEO Ulrika Saxon told Reuters.
On demand storage startup Clutter has raised $2 million in funding, TechCrunch reports. The L.A.-based company plans to use the funds to expand into Orange County and San Diego over the next few months. The round was led by Resolute Ventures with participation from Amplify, Joanne Wilson, David Sacks, Matt Coffin and others.