Speakeasy Co., a well-known e-commerce platform in the wine industry, received $2 million in financing

Speakeasy Co. is the leading e-commerce and fulfillment platform for the beverage industry , allowing brands to sell directly to consumers from their respective websites. Brands control the entire process from online ordering to home delivery , as well as information such as customer data.

It is reported that this financing was obtained less than a year after Goat Rodeo Capital (a fund focusing on early-stage investments in the wine industry ) provided a strategic investment to Speakeasy Co.

The financing was led by Trog Hawley Capital LLC ( an investment company in Florida ), with participation from other well-known investors, including Rise of the Rest Seed Fund ( an investment company under Washington Revolution ) . Josh Jacobs, CEO of Speakeasy Co. , pointed out that these investors bring unique expertise and experience to it.

Speakeasy Co. is revolutionizing the wine and spirits industry by transforming brands into e-commerce companies , and has expanded from about 40 brands on the Speakeasy Co. platform to more than 280 brands since January 2020. Its partners include many emerging brands and major suppliers, including ready-to-drink beverages, wine, beer, spirits, and Tesla Tequila .

Co-founder and COO of Speakeasy Co.   Michael Bowen commented that this round of financing validates its unique value proposition to the wine industry. Speakeasy Co. has invested a lot of time and energy in developing its advanced technology and logistics, making it an industry -leading e-commerce and fulfillment platform.

David Hall of the Rise of the Rest Fund said the pandemic has highlighted the need for retailers to build and improve their e-commerce platforms. Speakeasy Co. is helping emerging wine and spirits brands grow outside their home markets through its superior e-commerce tools and strategies.

Speakeasy Co. also mentioned that it will use the funds to further drive growth and provide better services to brand partners . The team's new plans in personnel, technology, products and logistics have been launched to provide a better experience for platform consumers .

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Beverage Industry