We are delighted to share the news that Vivino has raised $25m in a round led by SCP Neptune International, which is the family office investment vehicle of wine industry icon Christophe Navarre. Balderton also participated, as did Creandum, SEED Capital and Iconical.
For something that is enjoyed by millions of people, wine is a source of mystery and confusion. It’s also a $300 billion market that hasn’t seen a lot of disruption from tech - and there’s not many of those left. If any.
Vivino provides its huge community of wine lovers with a previously unavailable form of educational content and transparency. The fact that Vivino is mobile first is paramount to its success. Vivino’s founders realised that the combination of the smartphone and its camera had the potential to enable wine lovers to directly and immediately interact with wine.
That’s why Vivino built the world’s largest wine community in just five years, and why you never have to drink bad wine again.
For more infromation, check out VentureWire's coverage.