Sprints is excited to announce its investment in Vivino, the leading global wine discovery app and marketplace, alongside Kinnevik and existing investors, as part of the company's $155 million Series D round and related secondary transaction.
Founded in 2010 in Copenhagen, Vivino is the world's largest online wine marketplace and most downloaded wine app, powered by a community of 50 million global users. Vivino’s unique wine shopping experience allows users to scan a wine label or menu, research it and then transact all through the platform. Given the immense proprietary data assembled over the past decade, it remains unique in its ability to facilitate a genuinely personal wine discovery and purchase process.
The market growth in online wine sales combined with a demand for trusted, crowdsourced reviews continues to feed the upward spiral of growth for Vivino. In the past year, the company more than doubled its sales.
The new funding will be used to drive product innovation and further scale the marketplace. We are looking forward to supporting the team on this journey.
Visit vivino.com and see full press release.
