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SAN FRANCISCO, CA, Feb. 14, 2018 (GLOBE NEWSWIRE) — — Vivino, the world’s best downloaded adaptable wine app and better online wine exchange has aloft $20 actor in Series C funding.  Since its aftermost annular of allotment in January 2016, Vivino has added its user abject from 13 actor to 29 million, and has developed its business initiative, which leverages association abstracts to advance abandoned wine recommendations to anniversary abandoned user based on their different ratings and purchases. 

This annular is led by SCP Neptune International, the advance arm of industry icon, Christophe Navarre and brings Vivino’s absolute allotment to $57 actor back it was founded in 2010. Navarre, ahead CEO and Chairman of Möet Hennessy and Chairman of VinExpo, additionally sits on Vivino’s Board of Directors. Balderton Capital, Creandum, SEED Capital Denmark and Iconical, all absolute above investors in Vivino, are accidental to the annular as well. Vivino was brash in this transaction by London-based merchant coffer Dial Ally LLP. 

The advance of e-commerce and m-commerce accumulated with an accretion assurance on – and appeal for – trusted, crowdsourced reviews, is agriculture an advancement circling in the amount Vivino is creating. Vivino’s architect and CEO Heini Zachariassen said, “Vivino’s 29 actor users are exploring two actor wines anniversary day on the belvedere – creating the world’s better and best affianced wine community. In the United States alone, added than 130,000 wines are now accessible for acquirement through Vivino from merchant partners. We are on a mission to accredit all of our users to ascertain and calmly acquirement any wine accessible on the market.”

Vivino’s exchange sales in December 2017 were four times that of the antecedent December, fueled by advance in absolute markets as able-bodied as the accession of six new markets. This latest annular of advance will accredit Vivino to abide to advance technology that delivers a seamless multi-channel business acquaintance and to added advance in its team. Vivino will additionally extend business initiatives to new markets like Hong Kong, accretion revenues and enabling Vivino to accommodated its ambition of affairs $1 billion of wine by 2020.

“Since 2010,”  Zachariassen says, “Vivino has spearheaded a technology anarchy in the business of wine, acceptance millions of wine drinkers common to apprentice about and acquirement wine through  Vivino. As we abide to aggrandize our e-commerce offering, we will advance our administration position by advancing technology that meets the needs of both consumers and the trade.”

– END – 

ABOUT VIVINO

Vivino is the world’s better online wine exchange and best downloaded wine app, powered by a association of 29 actor wine drinkers who use Vivino to appoint with added than two actor wines every distinct day. Vivino’s different wine arcade acquaintance leverages association abstracts to advance abandoned wine recommendations for anniversary abandoned user based on their ratings and purchases. With Vivino, users can booty a photo of any wine characterization on their adaptable accessory and Vivino’s proprietary angel acceptance technology delivers ratings, appraisement and a simple acquirement advantage instantly.  In accession to authoritative wine analysis fun and easy, Vivino is the best abode for users to buy wine for all their needs. Founded by Heini Zachariassen and Theis Søndergaard in 2010, Vivino is accessible for download on Android and Apple devices. For added information, appointment www.vivino.com.

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A photo accompanying this advertisement is accessible at http://www.globenewswire.com/NewsRoom/AttachmentNg/34f3221b-2fc0-4bcf-b81a-48794ba7379e

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