About Tasting Room
Tasting Room is a company based in New York (United States) founded in 2009 by Tim Bucher was acquired by Lot18 in January 2013.. Tasting Room has raised $5.85 million across 1 funding round from investors including Lot18. Tasting Room offers products and services including Wine Club Subscription, Wine App, and Wine Directory. Tasting Room operates in a competitive market with competitors including Winc, Bright Cellars, Firstleaf, Splash Wines and Glassful, among others.
- Headquarter New York, United States
- Founders Tim Bucher
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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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- Legal Name Tasting Room, Inc.
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Products & Services of Tasting Room
Tasting Room offers a comprehensive portfolio of products and services, including Wine Club Subscription, Wine App, and Wine Directory. 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.
Delivers personalized wine selections based on user taste profiles.
Enables wine rating and profile management for subscribers.
Provides access to wine details and recommendations online.
Funding Insights of Tasting Room
Tasting Room has successfully raised a total of $5.85M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.85 million completed in November 2010. 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 1
- Last Round Series A — $5.8M
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First Round
First Round
(23 Nov 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2010 | Amount | Series A - Tasting Room | Valuation |
investors |
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| 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 Tasting Room
Tasting Room has secured backing from 1 investor. Prominent investors backing the company include Lot18. 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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Wine club providing personalized subscriptions and direct delivery services.
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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 Tasting Room
| 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 - Tasting Room
| 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 |
Tasting Room Comparisons
Competitors of Tasting Room
Tasting Room 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, Bright Cellars, Firstleaf, Splash Wines 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 |
Wine subscriptions are offered online with personalized recommendations.
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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 |
Wines are curated monthly based on consumer taste surveys.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Tasting Room
Frequently Asked Questions about Tasting Room
When was Tasting Room founded?
Tasting Room was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Tasting Room located?
Tasting Room is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Tasting Room?
Tim Bucher is the current CEO of Tasting Room. They have also founded this company.
Is Tasting Room a funded company?
Tasting Room is a funded company, having raised a total of $5.85M across 1 funding round to date. The company's 1st funding round was a Series A of $5.85M, raised on Nov 23, 2010.
What does Tasting Room do?
Tasting Room was founded in 2009 in New York, United States, as a wine subscription service within the beverage industry. User wine profiles are generated through sample-size mini bottles, after which full bottles are selected and shipped according to individual preferences. Operations focus on tailored selections for members, with shipments managed from the U.S. base.
Who are the top competitors of Tasting Room?
Tasting Room's top competitors include Winc, Firstleaf and Bright Cellars.
What products or services does Tasting Room offer?
Tasting Room offers Wine Club Subscription, Wine App, and Wine Directory.
Who are Tasting Room's investors?
Tasting Room has 1 investor. Key investors include Lot18.