Vivino, the world's most downloaded mobile wine app, and largest online wine marketplace, today announced their Series C raise of $20M. The round is led by SCP Neptune International, who join existing investors Balderton, Creandum, SEED Capital and Iconical.
Vivino's marketplace sales have gone from strength to strength, clocking a four times growth in December 2017 compared to December 2016. Vivino last raised financing in January 2016, and since that time has increased its user base from 13 million to 29 million users and has gained significant commercial traction.
Since 2010, Vivino has spearheaded a technology revolution in the business of wine, allowing millions of wine drinkers worldwide to learn about and purchase wine through Vivino. As we continue to expand our e-commerce offering, we will maintain our leadership position by advancing technology that meets the needs of both consumers and the trade.
