Key facts
- Scotch announced $20 million in Series A funding.
- The funding round was led by VMG Partners.
Scotch, a platform for liquor retail point-of-sale operations, announced a $20 million Series A funding round led by VMG Partners. The company also surpassed $1 billion in payment volume.
This funding round and payment volume milestone indicate strong investor confidence in Scotch's strategy to digitize and streamline operations for liquor retailers, potentially leading to increased efficiency and adoption of modern payment technologies in a traditionally fragmented market.
Scotch, a company focused on modernizing point-of-sale (POS) operations for liquor retail stores, has successfully closed a $20 million Series A funding round. The investment was spearheaded by VMG Partners, with additional contributions from First Round Capital, Lerer Hippeau, and Toba Capital. This funding injection comes as Scotch also announced it has surpassed a significant milestone of $1 billion in total payment volume processed through its platform. The company's objective is to enhance and modernize the operational and payment systems within the liquor retail sector.
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