M&A Deal Summary

Uber Acquires Drizly

On February 2, 2021, Uber acquired e-commerce company Drizly from Polaris Partners and First Beverage Ventures for 1.1B USD

Acquisition Highlights
  • This is Uber’s 2nd transaction in the E-Commerce sector.
  • This is Uber’s 4th largest (disclosed) transaction.
  • This is Uber’s 7th transaction in the United States.
  • This is Uber’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-02-02
Target Drizly
Sector E-Commerce
Buyer(s) Uber
Sellers(s) Polaris Partners
First Beverage Ventures
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Drizly

Boston, Massachusetts, United States
website
Drizly is a technology company powering shopping experience for beer, wine, and liquor. Drizly was founded in 2012 and is based in Boston, Massachusetts.

Search 175,694 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Uber

San Francisco, California, United States

website


Category Company
Founded 2009
SectorInternet Software and Services
Employees22,200
Revenue 11.1B USD (2020)
DESCRIPTION
Uber service center in Chicago, Illinois.
Uber service center in Chicago, Illinois.

Uber Technologies, Inc. develops, markets and operates a mobile-app-based transportation network. Uber connects passengers with a variety of drivers. Uber Technologies was formed in 2009 and is based San Francisco, California.


DEAL STATS #
Overall 10 of 11
Sector (E-Commerce) 2 of 2
Type (Add-on Acquisition) 10 of 11
State (Massachusetts) 1 of 1
Country (United States) 7 of 8
Year (2021) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Advanced Technologies Group

San Francisco, California, United States

Advanced Technologies Group is the self driving unit of Uber Technologies. ATG provides cutting-edge research for self-driving cars in broad areas of computer vision, machine learning, and robotics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Serve Robotics

San Francisco, California, United States

Serve Robotics is shaping the future of delivery by connecting people with what they need locally via robots that are designed to serve people.

Sell -

Seller(S) 2

SELLER

Polaris Partners

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1996
PE ASSETS 4.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.


DEAL STATS #
Overall 25 of 28
Sector (E-Commerce) 3 of 3
Type (Add-on Acquisition) 9 of 11
State (Massachusetts) 4 of 4
Country (United States) 23 of 26
Year (2021) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Earth Networks

Germantown, Maryland, United States

Earth Networks, Inc. helps organizations mitigate financial, operational and human risk by providing environmental intelligence from the world’s largest hyperlocal weather network. Schools, airports, sports teams, utilities, and government agencies rely on our early warning solutions to safeguard lives, prepare for weather events and optimize operations. Companies across all industries use Earth Networks weather data to automate decisions regarding risk management, business continuity, and asset protection.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 LegalZoom

Glendale, California, United States

Legalzoom is an online legal service center. The company helps its consumer and small business customers quickly and affordably create estate planning documents, form businesses, and protect valuable intellectual property such as trademarks and provisional patents through their easy-to-use website thus avoiding costly attorney fees. LegalZoom.com was founded in 1999 and is based in Glendale, California.

Sell -
SELLER

First Beverage Ventures

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
SizeSmall
Type Sector Focused
DESCRIPTION

First Beverage Ventures is the private equity group of financial advisory firm, First Beverage Group. First Beverage Ventures looks to invest in emerging beverage companies throughout the US. The Firm pursues companies that can benefit from value-added services including support with distribution, supply chain, strategic planning, marketing, operations, finance, board development and human resources. Target companies typically have $1 to $15 million in revenue. First Beverage Ventures is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 4
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Mad Tasty

Nashville, Tennessee, United States

Mad Tasty LLC is a producer of beverages that are made of low-calorie functional sparkling water with zero sugar or sweeteners and 20 mg of hemp. Mad Tasty was founded in 2018 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Essentia Water

Bothell, Washington, United States

Essentia Water is a provider of enhanced, alkaline water. Essentia uses a proprietary process that results in electrolyte-enhanced water with an alkaline 9.5 pH. Essentia hydrates restore and balances to promote optimal health. Led by founder Ken Uptain, the Company has grown rapidly in recent years, expanding distribution across North America. Essentia Water was founded in 1998 and is based in Bothell, Washington.

Sell $192M