Thirstie Closes $1.1 Million In Seed Round Funding

NEW YORK, March 20, 2015 /PRNewswire/ -- Thirstie, a leading on-demand wine and spirits delivery service, today announced it has secured an additional $1.1 million in seed round funding led by private investors. In combination with previously bootstrapped funds, the company has now raised $1.2 million.

Thirstie will use the new funding to launch its service in additional markets, speed customer acquisition, enhance product development, and provide even more consumer-friendly support. To date, Thirstie has partnered with more than 100 liquor retailers in major cities across the U.S. including; Los Angeles; Miami; New York City; San Francisco; Hoboken and Jersey City, New Jersey; Washington D.C., New Haven, CT; Dallas/Fort Worth, and starting today in Austin, Texas. Future market expansion plans include launches in Denver; Houston; Oakland/Berkeley; and Norwich, Connecticut, in the coming weeks.

Thirstie is also building out its leadership team by appointing Seth Weiss as Director of National Expansion. Weiss is a former sales leader at GrubHub/Seamless. The company also named former General Counsel of Castle Brands Seth Weinberg to provide oversight and engage on all legal and compliance issues.

This week Thirstie is celebrating the start of the world famous South by Southwest Festival by launching its first hyper-local microsite (thirstie.com/sxsw), with content geared exclusively towards the Austin, Texas community for both Austinites and festival attendees. The microsite includes helpful advice and suggestions for anyone seeking local, social drinking ideas, custom made cocktails with distinctively local flavors, tips from Austin-based bartenders, and on-demand delivery options. Additional hyper-local microsites will be launched in the months ahead by the Thirstie editorial team; overseen by former CNN Money Senior Producer Abigail Bassett who was recently named Editorial Director.

"Thirstie is meeting the increasing surge for on-demand services with a fast and user-friendly platform and experience that no other real-time delivery provider can match," said Devaraj Southworth, CEO and Founder, Thirstie. "By launching with $100K, we've demonstrated that we are a top player and ready to 'hold our own' in the same conversation with competitors who have been aggressively spending investors' capital before proving their model. Our objective from day one has been capital conservation. Now, with this new round of capital and our strategy fully validated, it's go-time." 

"Thirstie has made tremendous strides since first launching, and is strategically positioned to outpace its competitors in the e-commerce marketplace," said Rakesh Gupta, CEO of KiwiTech, Managing Director of KiwiVentures, and a leading Thirstie investor. "By providing consumers with easy-to-use and engaging content, Thirstie is ensuring consumers will return again and again for all of their on-demand delivery needs."

Thirstie makes the delivery of alcohol easy for consumers who are embracing the convenience of on-demand services. For more information on Thirstie, visit www.thirstie.com.

About Thirstie
Thirstie is an on-demand wine and spirits delivery service that has partnered with more than 100 liquor retailers in major cities across the U.S. Delivering alcohol when you want it, where you want it. Thirstie makes the delivery of alcohol easy for consumers who are embracing the convenience of on-demand services. Thirstie is also the go-to discovery tool for those seeking some inspiration and cocktail culture. For more information, visit www.thirstie.com.

SOURCE Thirstie

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http://www.thirstie.com

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