About Sommelier
Sommelier is a company based in San Francisco (United States) founded in 2020 by Zaki Manian and Kristi Poldsam.. Sommelier has raised $26.5 million across 2 funding rounds from investors including Multicoin Capital, Polychain and Ignite. Sommelier operates in a competitive market with competitors including Zerion, Balancer, Avantgarde, Haruko and TokenSets, among others.
- Headquarter San Francisco, United States
- Founders Zaki Manian, Kristi Poldsam
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sommelier, L.L.C
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.5 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Series A
Oct 20, 2021
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Investors
Multicoin Capital
& 9 more
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Employee Count
Employee Count
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Funding Insights of Sommelier
Sommelier has successfully raised a total of $26.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $23 million completed in October 2021. 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 2
- Last Round Series A — $23.0M
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First Round
First Round
(10 Mar 2021)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series A - Sommelier | Valuation | Polychain | |
| Mar, 2021 | Amount | Seed - Sommelier | Valuation | Standard Crypto |
| 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 Sommelier
Sommelier has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Multicoin Capital, Polychain and Ignite. 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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Venture capital fund focused on tech and crypto startups
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Founded Year | Domain | Location | |
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Single family office
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Founded Year | Domain | Location | |
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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 Sommelier
| 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 - Sommelier
| 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 |
Sommelier Comparisons
Competitors of Sommelier
Sommelier 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 Zerion, Balancer, Avantgarde, Haruko and TokenSets, 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 |
Blockchain-based protocols for decentralized finance and asset management are provided.
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| domain | founded_year | HQ Location |
Cryptocurrency portfolios are managed via crowdsourced liquidity pools.
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| domain | founded_year | HQ Location |
DeFi-as-a-service solutions are offered to financial institutions for crypto management.
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| domain | founded_year | HQ Location |
Blockchain training services are provided to professionals and organizations.
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| domain | founded_year | HQ Location |
Cryptocurrency baskets and portfolios are managed through automated strategies.
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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 Sommelier
Frequently Asked Questions about Sommelier
When was Sommelier founded?
Sommelier was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Sommelier located?
Sommelier is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Sommelier a funded company?
Sommelier is a funded company, having raised a total of $26.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Mar 10, 2021.
What does Sommelier do?
Sommelier was established in 2020 in San Francisco, United States, within the decentralized finance sector. Portfolio management tools for DeFi assets are offered, enabling liquidity providers to perform automated transactions such as rebalancing, limit orders, and batch processing. Signature management for Ethereum-based operations is handled automatically, facilitating DeFi trading activities focused on liquidity enhancement and yield generation.
Who are the top competitors of Sommelier?
Sommelier's top competitors include Zerion, Balancer and Avantgarde.
Who are Sommelier's investors?
Sommelier has 10 investors. Key investors include Multicoin Capital, Polychain, Ignite, Alameda Research, and Byzantine Ventures.
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