Winc Garners $17,500,000 Series B Funding

  • Feed Type
  • Date
    5/4/2016
  • Company Name
    Winc
  • Mailing Address
    5340 Alla Road Los Angeles, CA 90066 USA
  • Company Description
    As a brand, Winc embodies our founding goal to make wine approachable and accessible. It also encompasses a broader desire to make great wines with passion and pride, and to bring transparency, honesty, innovation, and curiosity to an industry dominated by opaque, entrenched conglomerates.
  • Website
    http://www.winc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $17,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The company has since expanded to direct retail and offline distribution channels, and the formation of Winc provides greater avenues and structure for growth. Winc recently opened its second distribution facility, extending its two-day shipping footprint to the entire Eastern Seaboard.
  • M&A Terms
  • Venture Investor
    Shining Capital
  • Venture Investor
    Bessemer Venture Partners
  • Venture Investor
    Undisclosed