Wednesday, May 4, 2016

Club W Raises $17.5M, Renames Itself to Winc

Los Angeles-based subscription wine service Club W said this morning that it has raised $17.5M in a Series B funding, and renamed itself to Winc. Winc said that the funding was co-led by Chinese investor Shining Capital, and also included Bessemer Venture Partners. ClubW offers up a personalized, wine delivery club, which delivers wines to users based on their tastes and preferences. The company recently moved from selling third party wines via a marketplace, to sourcing and producing its own wines. The company is led b Xander Oxman. More information »

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