Wine.com, a San Francisco, CA-based online wine retailer, raised $32.5m in debt and equity financing.
Funds managed by Goldman Sachs Asset Management’s Private Credit Group made the investment.
The company intends to use the funds to enhance its customer experience, brand awareness, and scale infrastructure.
Led by Rich Bergsund, CEO, Wine.com is an online retailer, offering a large selection of wines, live chat wine experts (available 7 days a week), and multiple distribution centers and a large retail wine fulfillment network.
It delivers in 1-2 days to most addresses, offering date-certain delivery and the convenience of shipping to 11,000 FedEx Office, Walgreens and affiliated local pick-up sites.