Hooch app sees $1.5m investment

US cocktail app, Hooch, has closed its current financing round with investments totalling $1.5 million from several private investors and a New York venture capital firm.

hooch-app-free-drinksTo date, Hooch has now raised over $2.7 million over two rounds following the close of its Series A interim financing round yesterday led by Blue Scorpion Investments (BSI), a New York City based venture capital firm and its network of private investors.

 “We could not be more thrilled about the level of interests from such renowned investors and industry titans,” said Lin Dai, CEO of Hooch.

 “It’s a strong vote of confidence from the Angels and VC community validated by our strong growth trends not only in membership, but drink redemption activities in general as the Hooch App becomes the millennials’ nightlife app of choice.”

For $9.99 a month or $99 a year, Hooch provides one free round of cocktails at participating venues everyday to its members from a private Hooch cocktail menu.

The company also reported a growth in its membership base of over 1,900% since January of this year.  

There are over 400 venues throughout the US as well as in international locations such as Dream Hotels, Eataly, No.8 and Laduree.

Available via the Apple app store or Google Play, Hooch launched in New York City in November 2015 and has expanded to Los Angeles, Miami, Dallas, Austin, San Diego and Phoenix. In August of this year, Hooch announced Hong Kong as its first overseas members market with a subscription price of $HK88 a month or HK$888 a year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

Subscribe to our newsletters

Awards Wine Checker

Decanter
Paddock Wood, Kent, GB

Customer Service Advisor

Amathus Drinks
Park Royal, London, UK

Sales Manager

James Eadie Ltd
London, UK

Wine Ambassador Role

Ramón Bilbao UK
London, UK

Fine Wine Logistics Coordinator

IG Wines
London, UK

Sales Manager

Top Selection
London, UK

Assistant Retail Manager

The Whisky Exchange
London, UK

Marketing Manager

Ellis Wines
Hanworth, Middx, GB

Commercial Analyst

ATOM Group
Tunbridge Wells, UK

Customer Service Executive

Marussia Beverages
Marylebone, London, UK

The Global Spirits Masters Lunch

London,United Kingdom
1st Dec 2017

International Bulk Wine and Spirits Show

London,United Kingdom
26th Feb 2018
Click to view more

Champagne Masters 2017

The only Champagne blind tasting in the UK, the competition will reward the best wines in the following categories:

The Global Rosé Masters 2017

With wines from the palest of pink to almost ruby red, bone dry to almost cloyingly sweet, reductively handled to barrel-aged, as well as gently spritzy to fully sparkling.

Click to view more