About Bright Cellars
Bright Cellars is a company based in Boston (United States) founded in 2014.. Bright Cellars has raised $26.73 million across 7 funding rounds from investors including Northwestern Mutual, Gener8tor and CSA Partners. The company has 48 employees as of December 31, 2022. Bright Cellars offers products and services including Wine Subscription, Wine Packs, and Individual Wines. Bright Cellars operates in a competitive market with competitors including Winc, Firstleaf, Splash Wines, Tasting Room and Glassful, among others.
- Headquarter Boston, United States
- Employees 48 as on 31 Dec, 2022
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$00as on Aug 17, 2015
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Net Profit
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EBITDA
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Total Equity Funding
$26.73 M (USD)
in 7 rounds
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Latest Funding Round
$8.76 M (USD), Series B
Feb 01, 2022
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Investors
Northwestern Mutual
& 5 more
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Employee Count
48
as on Dec 31, 2022
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Products & Services of Bright Cellars
Bright Cellars offers a comprehensive portfolio of products and services, including Wine Subscription, Wine Packs, and Individual Wines. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Curated wine deliveries based on user preferences and quizzes.
Pre-selected wine collections for direct purchase and delivery.
Single bottles available for online ordering and shipping.
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Funding Insights of Bright Cellars
Bright Cellars has successfully raised a total of $26.73M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $8.76 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $8.8M
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First Round
First Round
(31 Dec 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Bright Cellars | Valuation | Revolution | |
| Sep, 2021 | Amount | Series B - Bright Cellars | Valuation | Cleveland Avenue | |
| May, 2018 | Amount | Series A - Bright Cellars | Valuation | CSA Partners , Cleveland Avenue |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bright Cellars
Bright Cellars has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Northwestern Mutual, Gener8tor and CSA Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture fund focused on early stage, high growth companies is operated.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location | |
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Venture investments are managed for innovative startups and companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bright Cellars
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bright Cellars
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bright Cellars Comparisons
Competitors of Bright Cellars
Bright Cellars operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Winc, Firstleaf, Splash Wines, Tasting Room and Glassful, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wine delivery services are provided via an online platform.
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| domain | founded_year | HQ Location |
Wines are curated and delivered via a personalized subscription service.
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| domain | founded_year | HQ Location |
Online retailer of curated wine cases
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| domain | founded_year | HQ Location |
Personalized wine subscriptions are delivered based on user taste profiles.
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| domain | founded_year | HQ Location |
Wines are curated monthly based on consumer taste surveys.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bright Cellars
Frequently Asked Questions about Bright Cellars
When was Bright Cellars founded?
Bright Cellars was founded in 2014.
Where is Bright Cellars located?
Bright Cellars is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Bright Cellars a funded company?
Bright Cellars is a funded company, having raised a total of $26.73M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.8M, raised on Dec 31, 2014.
How many employees does Bright Cellars have?
As of Dec 31, 2022, the latest employee count at Bright Cellars is 48.
What does Bright Cellars do?
Bright Cellars was founded in 2014 and is headquartered in Boston, United States. Operations focus on the online retail sector, where wine subscriptions are provided to customers. A product catalog featuring various flavors, including apple and grape, is maintained. Recommendations for wines are generated based on individual taste profiles to support customer selections.
Who are the top competitors of Bright Cellars?
What products or services does Bright Cellars offer?
Bright Cellars offers Wine Subscription, Wine Packs, and Individual Wines.
Who are Bright Cellars's investors?
Bright Cellars has 6 investors. Key investors include Northwestern Mutual, Gener8tor, CSA Partners, Revolution, and Cleveland Avenue.