Panorama Capital Pours $4.5 Million Into Online Wine Outlet Vinfolio
Online wine store and community site Vinfolio has raised $4.5 million in a Series A funding round led by Panorama Capital after receiving an undisclosed amount of angel investment earlier. San Francisco-based Vinfolio offers a set of integrated services and resources to basically help wine enthusiasts and collectors buy, sell, manage and enjoy wine.
Vinfolio CEO Stephen J. Bachmann said the investment will mostly be used to accelerate the growth of its Vinfolio Marketplace, an online platform for buying and selling wine that currently boasts over 250,000 wines up for bidding, and the startup’s expansion in Asia.
There’s no shortage of wine-related websites and services out there. From the top of my head: review sites Snooth and Corkd, Vinogusto, good old Wine.com and wine ‘discovery’ service Adegga, although I’m sure there are many more.
Curious to see if Vinfolio will manage to gain mind and market share in this corked crowded space.
Cheers!
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