Wine marketplace Vivino raises USD 155 mln Friday 5 February 2021 14:12 CET | News
Vivino, an online wine marketplace, has closed a USD 155 million Series D funding round led by Swedish based investment firm Kinnevik with Sprints Capital accompanying as a new investor.
According to the press release, additional participants include GP Bullhound and existing early-stage investor Creandum. This latest round brings Vivino s total funds raised to date to USD 221 million and includes a mix of primary and secondary investment.
Vivino currently boasts a community of 50 million wine enthusiasts, who turn to the platform for its personalised recommendations, unbiased rating system, and expansive selection of wines from more than 700 marketplace partners worldwide.
Vivino, the World s Largest Wine App and Marketplace Raises $155 Million in Series D Funding
As online wine sales rapidly increase, new funding will support Vivino s expansion and investment into smarter, more personalized AI February 03, 2021
SAN FRANCISCO, CA (February 3, 2021) Vivino, the world’s most downloaded mobile wine app and largest online wine marketplace, has closed a $155m Series D funding round led by Swedish based investment firm Kinnevik with Sprints Capital accompanying as a new investor. Additional participants include GP BullHound and existing early-stage investor Creandum. This latest round brings Vivino’s total funds raised to date to $221 million and includes a mix of primary and secondary investment.
Vivino, the World s Largest Wine App and Marketplace, Raises $155 Million in Series D Funding
As online wine sales rapidly increase, new funding will support Vivino s expansion and investment into smarter, more personalized AI
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SAN FRANCISCO, Feb. 3, 2021 /PRNewswire/
Vivino, the world s most downloaded mobile wine app and largest online wine marketplace, has closed a $155m Series D funding round led by Swedish based investment firm Kinnevik with Sprints Capital accompanying as a new investor. Additional participants include GP Bullhound and existing early-stage investor Creandum. This latest round brings Vivino s total funds raised to date to $221 million and includes a mix of primary and secondary investment.
Vivino raises $155 million for wine recommendation and marketplace app
If you’re at all interested in wine, chances are you’ve turned to Vivino at least a few times for recommendations. The app and the company behind it have been helping people enjoy better wine since 2010, and now the startup has raised $155 million with its Series D round a sum over twice as large as all of its previous funding to date. Spurred by rapid growth that has seen its user base grow from 29 million in 2018 to 50 million currently, Vivino wants to use the large cash injection to significantly boost its core tech and personalized recommendation engine, while also expanding its presence in key growth markets globally.
Beauty appointment booking app Booksy raises $70m
The Polish-founded start-up has been on the acquisition trail recently as it plots further global expansion.
Booksy, a booking and payments management platform for beauty and wellness businesses, has raised $70m in a Series C round.
Founded in Poland and now headquartered in San Francisco, Booksy has developed an appointment booking app. It is targeted at small businesses in the beauty and wellness industries, with features for managing bookings, automating schedules, accepting payments and running e-commerce services.
The SaaS product has 13m active users and is operating in six markets. It plans to invest in further expansion in the US and entering the market in Mexico.