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Your email address will not be published.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 *

Subscribe to our newsletters

Marketing Executive

Harviestoun Brewery
London, UK

Content Marketing Assistant

Matthew Clark Bibendum
London, UK

Retail Sales & Operations Manager

Davy's Wine Merchants
London, UK

Head Distiller

Little Bird Gin
London, UK

Events Assistant

Speciality Drinks
Park Royal, London, UK

Digital Sales & Marketing Executive

Roberson Wine
London, UK

Brand Marketing Manager

Maverick Drinks
London, UK

PR and Communications Manager

Maverick Drinks
London, UK

Various Sales Roles

Amathus Drinks Plc
Bristol, Cardiff, Cornwall, Devon, Leeds and Birmingham

The City Wine & Spirits Show

London,United Kingdom
12th Oct 2018

IBWSS China

Shanghai,China
5th Nov 2018

IBWSS UK

London,United Kingdom
11th Mar 2019
Click to view more

The Global Malbec Masters 2017

the drinks business is proud to announce the inaugural Global Malbec Masters 2017

The Global Sparkling Masters 2017

the drinks business is thrilled to announce the launch of The Global Sparkling Masters.

Click to view more