Vivino, a San Francisco, CA-based mobile wine app and online wine marketplace, raised $20m in Series C funding.
The round, which brings total funding to $57m, was led by SCP Neptune International, the investment arm of Christophe Navarre, with participation from Balderton Capital, Creandum, SEED Capital Denmark and Iconical. Navarre, previously CEO and Chairman of Möet Hennessy and Chairman of VinExpo, also sits on Vivino’s Board of Directors.
The company intends to use the funds to continue to develop technology, to further invest in its team, and extend commerce initiatives to new markets like Hong Kong.
Founded by Heini Zachariassen and Theis Søndergaard in 2010, Vivino provides an online wine marketplace and a wine app, powered by a community of 29 million wine drinkers. The company’s wine shopping experience leverages community data to suggest personalized wine recommendations for each individual user based on their ratings and purchases. With Vivino, users can take a photo of any wine label on their mobile device and proprietary image recognition technology delivers ratings, pricing and a purchase option instantly.
It is available for download on Android and Apple devices.