Vivino, the Danish-founded wine community and app maker, today announced a $25 million Series B round led by SCP Neptune International. Prior backers like Balderton Capital, Creandum, SEED Capital and Iconical chipped in for the round as well.
The financing round brings Vivino's total funding to date to $37 million since the company was founded in Copenhagen back in 2010. The company currently boasts 13 million users from all over the world.
SCP Neptune International is the family office investment vehicle of industry icon Christophe Navarre, the CEO of Moët Hennessy (the sines and spirits division of LVMH).
Navarre has also agreed to join the board of Vivino as a non-executive director.
"Today's news cements our position as a dominant leader in the global wine industry," said Heini Zachariassen, Vivino Founder and CEO. "Our mission to help people, all around the world, find great wine requires significant resources across the wine and technology industries. Thanks to the incredible investment and insights of Christophe Navarre, we're incredibly well suited to continue to attack our mission in unprecedented fashion."
Via Venturebeat and Marketwired
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