Vivino Raises $155M in Series D Funding
Summary
Additional participants include GP BullHound and existing early-stage investor Creandum. This latest round, which brings Vivino’s total funds raised to date to $221m, includes a mix of primary and secondary investment. The company intends to use the funds to improve its core technology and artificial intelligence platform, deepen its focus on select markets including the US, Germany, the UK, Italy, Japan, and Portugal. Led by Heini Zachariassen, Founder and Chief Executive Officer, Vivino provides a platform for its personalized recommendations, unbiased rating system, and expansive selection of wines from more than 700 marketplace partners worldwide. The company has posted a 100% annual growth rate for the last seven years and a 103% increase in year-over-year sales in 2020.
Funding
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