PreSeed Ventures-backed Vivino runs a wine recommendation platform and has raised $155m in a series D round after adding 21 million users in three years.
Vivino, a US-based wine recommendation app and marketplace operator backed by PreSeed Ventures, has raised $155m in a series D round led by Kinnevik, according to TechCrunch.
Sprints Capital, GP Bullhound and Creandum also took part in the round, which pushed Vivino’s total financing to $221m.
Founded in 2010, Vivino operates a mobile app that allows users to scan the label of a wine bottle and receive more information. The app also offers personalised recommendations and customers can purchase bottles through a marketplace.
The funding will allow Vivino to double down on its existing markets, growing its headcount in 17 countries. It will also seek partnerships with additional wine merchants and use some of the series D capital to set up a marketing budget.
The company, which now has 50 million users, previously obtained $20m in a series C round in February 2018 when it only had 29 million customers. SCP Neptune International led the series C round, which also included Balderton Capital, Creandum, Seed Capital and Iconical.
SCP had already led a $25m series B round in January 2016, following a $10.3m series A round led by Balderton and participation from Seed Capital, Creandum and Janus Friis in July 2013.
Creandum had already led a $1m round in December 2012, following a seed round of undisclosed size backed by Seed Capital and Friis the previous year.
PreSeed Ventures, the venture arm of Technical University of Denmark, lists Vivino in its portfolio. The investor has a strategic partnership with Seed Capital, though further details could not be ascertained.
