The Genial Reign of SevenFifty.com Could This NYC Startup That Just Raised $8.5M Change the Beverage Industry Completely? SevenFifty cofounder and CEO Aaron Sherman: “By looking at liquor license applications, the addressable market hovers around 200,000 businesses nationwide. SevenFifty currently works with 700 distributors representing roughly $20B in combined annual sales, a large percentage of […]

Smart wine bottle company Kuvee is going out of business Kuvée’s email letter to customers The email blamed the 2017 wine country fires for the c0mpany demise, said the company would look f0r a partner to continue the technology, and asked for a final order. Thank you for being our companion in our journey to […]

NOTE: Given the wine industry’s general lack of financial transparency, the confirmed investments in this article are most likely lower than actual amounts. Wine Industry Insight sent a courtesy draft of this chart to the company and requested any corrections or comments. No response was received.   Vinfolio was founded in 2003 by wine collector […]

On-demand delivery service Saucey ranks #13 in Wine Industry Insight’s wine venture funding survey with $10.2 million in investments. That compares with competitor Drizly’s $53 million which is ranked #5 in overall venture funding and #1 in the on-demand market. Data in this segment is fragmented, and this ranking could change as more data is […]

This is the first of a multi-article series. Source: eMarketer More than 80% of online marketers are concerned that marketing tech vendors might expose their companies to legal risks. Facebook’s latest data breach affecting more than 50 million accounts certainly amps up worries because the #1 social media site serves as a vendor to nearly […]

About Plum.wine Plum.wine retails for $1,999 and, according to Williams-Sonoma:   Automatically identifies each wine label with a built-in camera and database of more than 6 million wines. Provides content about winemaker, region, vintage, varietal and wine. Automatically chills two bottles independently to the optimal serving temperature for each varietal. Automatically pours wine in customizable […]

Wine Industry Insight’s most recent update of financial information shows that Vinventions (formerly Nomacorc) has now moved into the #1 position in wine venture investments with a $149 million refinancing. That moves Vinventions just ahead of Wine.Com which is in second position with $140 million. Vinventions is an integrated closures company which began as Nomacorc, […]