PreSeed Ventures-backed Vivino runs a wine recommendation platform and has raised $155m in a series D round after adding 21 million users in three years.
Vivino, a US-based wine recommendation app and marketplace operator backed by PreSeed Ventures, has raised $155m in a series D round led by Kinnevik, according to TechCrunch.
Sprints Capital, GP Bullhound and Creandum also took part in the round, which pushed Vivino’s total financing to $221m.
Founded in 2010, Vivino operates a mobile app that allows users to scan the label of a wine bottle and receive more information. The app also offers personalised recommendations and customers can purchase bottles through a marketplace.
The funding will allow Vivino to double down on its existing markets, growing its headcount in 17 countries. It will also seek partnerships with additional wine merchants and use some of the series D capital to set up a marketing budget.
The company, which now has 50 million users, previously obtained $20m in a series C round in February 2018 when it only…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
