Vivino, a San Francisco, CA-based mobile wine app and online wine marketplace, closed a $155m Series D funding.
The round was led by Kinnevik with Sprints Capital as a new investor. Additional participants include GP BullHound and existing early-stage investor Creandum. This latest round, which brings Vivino’s total funds raised to date to $221m, includes a mix of primary and secondary investment.
The company intends to use the funds to improve its core technology and artificial intelligence platform, deepen its focus on select markets including the US, Germany, the UK, Italy, Japan, and Portugal.
Led by Heini Zachariassen, Founder and Chief Executive Officer, Vivino provides a platform for its personalized recommendations, unbiased rating system, and expansive selection of wines from more than 700 marketplace partners worldwide. It currently boasts a community of 50 million wine enthusiasts. The company has posted a 100% annual growth rate for the last seven years and a 103% increase in year-over-year sales in 2020.
The app is available for download on Android and Apple devices.
FinSMEs
03/02/2021