Winc, a “modern winery” that wants to directly connect their brands to consumers is looking to raise up to $14,999,550 in a Series D round hosted on SeedInvest. The securities offering for preferred equity is being offered under Reg A+.
SeedInvest highly vets issuers that raise capital on their site so you can be assured they did a lot of due diligence on the firm.
Winc has a pre-money valuation of $110 million. There is an individual investor minimum of $999 and, so far, 850 individuals have backed the company committing just under $2 million. Earlier this year, Winc raised about $10 million in a Series C round at a pre-money valuation of $85 million.
Investors who purchase at least 35,371 shares and investors who purchase at least 176,854 shares have different rights than smaller shareholders.
Previously, Winc has raised $44.8 million from investors like CrossCut Ventures, Bessemer Venture Partners, Shining Capital, and Cool Japan Fund.
Winc is a more mature firm having already sold 13 million bottles of wine. Top line revenue stands at $169 million.
Originally launched as Club W, in 2011 the company transitioned to fully proprietary wines – a move that has delivered revenue growth of 333%, according to the offering page. Winc now serves 48 different states and more than 3100 accounts including Whole Foods. Winc is apparently a top 50 winery business.
If you are interested in more information, Winc has been scheduling investor webinars for Q&A. The next one will take place on December 5th at 4PM ET.
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