Palo Alto – March 5, 2018 – Cooley advised Vivino on its $20 million Series C funding. This round, led by SCP Neptune International, brings the company’s total funding to $57 million. Partner Kevin Rooney led the Cooley team advising Vivino.
In addition to SCP, contributors to the round included previous investors Balderton Capital, Creandum, SEED Capital Denmark and Iconical. According to Vivino, the funding will enable it to continue developing technology that delivers a seamless multi-channel commerce experience and to invest further in its team. It will also extend commerce initiatives to new markets like Hong Kong, increasing revenue and enabling Vivino to meet its target of selling $1 billion of wine by 2020.
“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,” said founder and CEO Heini Zachariassen in a news release. “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.”
Vivino is the world’s largest online wine marketplace and most downloaded wine app, powered by a community of 29 million wine drinkers who use Vivino to engage with more than two million wines every day. Vivino leverages community data to suggest personalized wine recommendations based on ratings and purchases.
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