Sourced Craft Cocktails is a technology company.
Sourced Craft Cocktails has raised $2.0M across 1 funding round.
Sourced Craft Cocktails has raised $2.0M in total across 1 funding round.
Sourced Craft Cocktails has raised $2.0M in total across 1 funding round.
Sourced Craft Cocktails's investors include Makers Camp, NextView Ventures, UpHonest Capital.
Sourced Craft Cocktails is not a technology company—it is a food and beverage services business that delivers customized craft cocktail kits and curated cocktail experiences[1][2].
Sourced Craft Cocktails operates as a craft cocktail delivery and event services company, positioning itself as the largest in the country[1]. The company delivers pre-made cocktail kits and provides bartender-led cocktail experiences for in-person events, virtual happy hours, and home delivery[1]. It serves consumers, corporate clients, and event organizers seeking premium cocktail experiences without the logistical burden of bar management. The core problem it solves is enabling hosts to enjoy meaningful social interactions rather than being stuck behind the bar making drinks[1].
The company generates approximately $1 million in annual revenue and employs around 55-69 people, operating from its headquarters in Austin, Texas[2]. It has received less than $5 million in total funding across two rounds[4].
Sourced was founded in 2015 by Tim Angelillo, who conceived the idea after hosting a family and friends event where he spent the entire time making cocktails instead of engaging with guests[1]. This personal frustration became the genesis for the company's mission: to remove the logistical headaches of cocktail preparation and delivery[1]. The company gained particular momentum during the COVID-19 pandemic, when it pivoted to support unemployed bartenders by employing them as delivery personnel, helping them earn income during bar closures[3][4].
Sourced operates at the intersection of the premiumization trend in spirits consumption and the growing demand for experiential services. The company capitalizes on consumers' desire for bar-quality cocktails at home—a trend accelerated by pandemic-era entertaining patterns. It also bridges the gap between spirit brands seeking consumer engagement and the hospitality workforce displaced by economic disruptions, creating a unique value proposition in the on-premise and off-premise alcohol distribution ecosystem[2][4].
Sourced's growth trajectory depends on sustained demand for premium home entertaining and corporate event experiences. The company's relatively modest revenue ($1 million) and funding suggest it remains a niche player despite claims of being the "largest craft cocktail company in the country." Future expansion likely hinges on geographic scaling, deepening partnerships with spirit brands for co-marketing, and potentially developing proprietary technology platforms to streamline ordering and logistics. The company's emphasis on bartender employment and authentic experiences positions it well in a market increasingly valuing both quality and social responsibility.
Sourced Craft Cocktails has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in August 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2017 | $2.0M Seed | Makers Camp, NextView Ventures, UpHonest Capital |