WineFi secures £1.5M Seed funding for fine wine investing platform
Summary
London-based fintech WineFi has raised \xa31.5M in a Seed funding round led by Coterie Holdings, a British fine wine group. The funding aims to enhance WineFis platform, which offers data-driven access to fine wine investment opportunities, making this asset class more accessible to a broader range of investors.Founded by Oliver Thorpe and Callum Woodcock, both with backgrounds in asset management at Fidelity International and J.P. Morgan, WineFi seeks to provide high-net-worth individuals, family offices, and funds with comprehensive data and insights into wine portfolios. This collaboration integrates blockchain technology to enhance transparency and liquidity in the wine investment market. Michael Saunders, CEO of Coterie Holdings, has joined WineFis board of directors, bringing over 40 years of industry expertise.Saunders commented: "The wine investment model hasnt changed significantly in decades. WineFis fresh approach combines deep wine expertise with modern financial tools to make this historically compelling asset class more accessible to sophisticated investors."