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Your email address will not be published.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.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Supply Chain Assistant

Speciality Drinks
London NW10 7SF, UK

Supply Chain Co-ordinator

Speciality Drinks
London NW10 7SF, UK

On-Trade Regional Sales Manager

Anthony Byrne Fine Wines
West Midlands & Northants

Logistics Team Leader

Speciality Drinks
London, UK

Assistant Operations Manager

Speciality Drinks
London, UK

Technical Manager

North South Wines
West Drayton, UK

Key Account Manager

MMI Maldives
Maldives

Business Manager - Impulse

Australian Vintage
Croydon, UK

Decanter Awards Marketing Manager

Decanter
London, UK

Customer Development Manager - South London

Love Drinks Ltd
London, UK

Exclusive Masterclass: Chablis on Tour

London,United Kingdom
29th Apr 2019

Vinexpo Bordeaux

Bordeaux,France
13th May 2019

London Wine Fair 2019

London,United Kingdom
20th May 2019
Click to view more

The Global Grenache Masters 2019

Deadline : 26th April 2019

The Tuscan Masters 2019

Deadline : 26th April 2019

Click to view more

The Global Riesling Masters 2018

View Results

Rioja Masters 2018

View Results

Click to view more