About Plum
Plum is a Consumer company based in San Francisco (United States) founded in 2014 by David Koretz. Plum is focused on innovative wine preservation solutions. It operates on a Direct-to-Consumer (D2C) model. Plum has raised $23 million across 3 funding rounds from investors including Khosla Ventures and Las Olas. Plum offers products and services including Plum Wine Preservation Appliance. Its focus areas include Consumer Goods, Household Appliances and Kitchen Appliances. Its legal entity is WINE PLUM, INC. Its competitors include Coravin, Free Flow Wines and Vino Vault; 2 of its 3 listed competitors have raised funding.
Company details
Plum is engaged in developing advanced wine preservation appliances. The company operates within the consumer goods sector, specializing in kitchen appliances. Their primary solution, the Plum Wine Preservation Appliance, is designed to keep wine fresh for up to 90 days using smart technology, temperature control, and argon pressure. Features such as a companion app and modern design are integrated to enhance user experience for wine connoisseurs.
- Total Equity Funding$23M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Series B
May 2018
- InvestorsKhosla Ventures
& 1 more
Products & Services of Plum
Plum offers a comprehensive portfolio of products and services, including Plum Wine Preservation Appliance.
Wine is preserved fresh for up to 90 days.
Apps and channels of Plum
its YouTube channel plumtv has 103 subscribers and 30 videos.
Videos from Plum
The most watched videos on Plum's YouTube channel, plumtv (103 subscribers). Click a video to play it here.
More on plumtv.
Funding Insights of Plum
Plum has successfully raised a total of $23M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in May 2018. 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 $23M
- Total Rounds 3
- Last Round Series B — $10M
- First Round $4M
(Jun 2015)
- Investors Count 2
All 3 funding rounds of Plum with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $10M | Series B | – | Las Olas | – |
| Jul 2017 | $9M | Series A | – | Khosla Ventures | |
| Jun 2015 | $4M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Plum
Plum has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Khosla Ventures and Las Olas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in US tech and life sciences are targeted. | lasolasvc.com | Fort Lauderdale, United States | ||
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States |
Investor details for Plum
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People of Plum
8 people are tracked at Plum (3 in leadership, 4 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
David Koretz | Founder | Leadership |
Weijing Li | VP, Supply Chain | Leadership |
Andreas Hansen | President | Leadership |
Joe Berger | Board Member | Board & advisors |
Ben Ling | Board Member | Board & advisors |
Mark Volchek | Board Member | Board & advisors |
Nawaf Bitar | Board Member | Board & advisors |
兆中 呂 | Site Reliability Engineering Manager | Team |
Complete people profiles for Plum
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Timeline of Plum
3 dated milestones of Plum across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Plum is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $10.0M.
Competitors of Plum
Plum has 3 listed competitors in our database, 2 of them funded. They include Coravin, Free Flow Wines and Vino Vault.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coravin.com | 2011 | Burlington, United States | $66.75M | 61 | Wine is accessed from corked bottles without removal or oxidation. | |
| freeflowwines.com | 2009 | Napa, United States | $16.54M | Wine tap systems are developed for wine and hospitality industries. | ||
| vinovaultwine.com | 1977 | Los Angeles, United States | An app-based platform is offered for wine preservation and storage. |
Detailed competitors of Plum
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- Full competitor set
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Web traffic of Plum
The website of Plum (plum.wine) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 13.6% vs previous month
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Plum (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Plum
Complete news archive for Plum
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Frequently Asked Questions about Plum
Plum was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Plum is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Plum is a funded company, having raised a total of $23M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Jun 2015.
Plum is engaged in developing advanced wine preservation appliances. The company operates within the consumer goods sector, specializing in kitchen appliances. Their primary solution, the Plum Wine Preservation Appliance, is designed to keep wine fresh for up to 90 days using smart technology, temperature control, and argon pressure. Features such as a companion app and modern design are integrated to enhance user experience for wine connoisseurs.
Plum's top competitors include Coravin, Vino Vault and Free Flow Wines.
Plum offers Plum Wine Preservation Appliance.
Plum has 2 investors. Key investors include Khosla Ventures, and Las Olas.
Plum operates through Wine Plum, Inc..