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§ Private Profile · New York City, NY, USA
Rewards platform offering cashback and perks for travel and dining, utilizing blockchain technology for verified redemptions.
Hooch is a subscription-based app and rewards platform based in New York City, offering members daily free drinks and later evolving to provide cashback and exclusive perks for travel and dining. The platform initially gained traction with approximately 120,000 subscribers by August 2017, available at over 500 locations across 10 cities. Hooch raised a total of $7.75 million in funding, including a $5 million seed round in 2018, to support its expansion and acquisition of competitors like Tipsy and Flux. It later integrated blockchain technology for verified redemptions and benefited from an advisory board that included industry figures such as Bob Hurst, Bonin Bough, and Teymour Farman-Farmaian. The organization was founded in 2015 by Lin Dai, Aleksey Kernes, and Jared Christopherson.
Hooch has raised $8.4M across 4 funding rounds.
Hooch has raised $8.4M in total across 4 funding rounds.
Hooch has raised $8.4M across 4 funding rounds. Most recently, it raised $5.0M Seed in May 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 22, 2018 | $5M Seed | Blue Scorpion Investments, Revelis Capital Group | Sree Kotay, Stefano Rosso, Access Industries, FJ Labs, Warner Music Group | Announced |
| Oct 11, 2016 | $1.5M Venture Round | — | Chris Burch, DAN Caten, Dean Caten, Lawrence Bender, LEN Blavatnik, Nouriel Roubini, Russell Simmons, Shaun White | Announced |
| May 31, 2016 | $950K Seed Plus | Gautam Ahuja | — | Announced |
| Mar 7, 2016 | $1M Seed | — | — | Announced |
Hooch has raised $8.4M in total across 4 funding rounds.
Hooch's investors include Blue Scorpion Investments, Revelis Capital Group, Sree Kotay, Stefano Rosso, Access Industries, FJ Labs, Warner Music Group, Chris Burch, Dan Caten, Dean Caten, Lawrence Bender, Len Blavatnik.