Tech Company Financing Transactions
Winc Funding Round
Winc closed a $17.5 million Series B financing round on 5/4/2016. Backers included Bessemer Venture Partners, Shining Capital and private investors.
Transaction Overview
Company Name
Announced On
5/4/2016
Transaction Type
Venture Equity
Amount
$17,500,000
Round
Series B
Investors
Bessemer Venture Partners (Lead Investor) (Kent Bennett)
Shining Capital (Lead Investor)
Proceeds Purpose
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.
Company Information
Company Status
Publicly-held
Industry
Internet & IoT
Mailing Address
5340 Alla Rd. 105
Los Angeles, CA 90066
USA
Los Angeles, CA 90066
USA
Phone
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Xander Oxman
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Where The Data Comes From
We report on every notable VC transaction. VC transactions reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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