About Winc
Winc is a company based in Los Angeles (United States) founded in 2011.. Winc has raised $59.54 million across 10 funding rounds from investors including Bessemer Venture Partners, Vebu and Crosscut Ventures. The company has 100 employees as of December 31, 2021. Winc offers products and services including 6-Bottle Membership, 12-Bottle Membership, Porter & Plot® Cabernet Sauvignon, Casa de Lila Sparkling Brut, and Porch Pounder Pack. Winc operates in a competitive market with competitors including Bright Cellars, Firstleaf, Splash Wines, Tasting Room and Glassful, among others.
- Headquarter Los Angeles, United States
- Employees 100 as on 31 Dec, 2021
- Stage Public
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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 Winc Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.54 M (USD)
in 10 rounds
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Latest Funding Round
$10 M (USD), Series D
Jun 16, 2021
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
100
as on Dec 31, 2021
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Products & Services of Winc
Winc offers a comprehensive portfolio of products and services, including 6-Bottle Membership, 12-Bottle Membership, Porter & Plot® Cabernet Sauvignon, Casa de Lila Sparkling Brut, and Porch Pounder Pack. 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.
Monthly shipment of six wines with personalized options
Quarterly delivery of twelve wines for regular access
Red wine from Mendocino County for everyday enjoyment
Sparkling wine from Spain with Brut style
Collection of wines for casual outdoor occasions
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Funding Insights of Winc
Winc has successfully raised a total of $59.54M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $10 million completed in June 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 10
- Last Round Series D — $10.0M
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First Round
First Round
(30 Aug 2011)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series D - Winc | Valuation |
investors |
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| Mar, 2021 | Amount | Debt – Conventional - Winc | Valuation |
investors |
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| Aug, 2019 | Amount | Series D - Winc | 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 Winc
Winc has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Vebu and Crosscut Ventures. 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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Public-private investment firm
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Incubator and tech focused early & growth stage VC firm investing primarily in the US
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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 Winc
| 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 - Winc
| 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 |
Winc Comparisons
Competitors of Winc
Winc 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 Bright Cellars, 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 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 |
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 Winc
Frequently Asked Questions about Winc
When was Winc founded?
Winc was founded in 2011.
Where is Winc located?
Winc is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Winc a funded company?
Winc is a funded company, having raised a total of $59.54M across 10 funding rounds to date. The company's 1st funding round was a Series D of $5.74M, raised on Aug 30, 2011.
How many employees does Winc have?
As of Dec 31, 2021, the latest employee count at Winc is 100.
What does Winc do?
Winc was founded in 2011 and is based in Los Angeles, United States. Wine delivery operations are conducted through an online platform in the e-commerce sector. Bottles are sourced directly from vineyards, with selections encompassing red, white, rosé, sparkling varieties, and others. Services focus on direct-to-consumer distribution within the beverage industry.
Who are the top competitors of Winc?
Winc's top competitors include Firstleaf, Bright Cellars and Tippsy.
What products or services does Winc offer?
Winc offers 6-Bottle Membership, 12-Bottle Membership, Porter & Plot® Cabernet Sauvignon, Casa de Lila Sparkling Brut, and Porch Pounder Pack.
Who are Winc's investors?
Winc has 10 investors. Key investors include Bessemer Venture Partners, Vebu, Crosscut Ventures, Pacific Mercantile Bank, and Cool Japan Fund.