Winc Garners $17,500,000 Series B Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e730024-0e96-4bc2-896d-081b77d48ef5 - 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
