Online wine merchant services provider invino has raised over $3 million in venture capital. The company has secured Series A funding as investments were led by DN Capital. Others included in the round were Veddis Ventures, Super Angels, Launch Capital, Founders Fund, Correlation Ventures and angel investors Fabrice Grinda and Jose Marin.
Good Company Wines owns invino. The company announced that the wine website has grown consistently over the past three years since its publishing in the Internet on 2010.
invino was founded by start-up veterans in the wine industry. Membership to invino entails the registrant to a highly curated selection of global wines, including popular brands to specialized artisan creations.
Founder of invino and Chief Executive Officer Tony Westfall said, "Membership, revenue, and LTV have consistently shown triple-digit growth. Benefitting from vision and leadership that have remained virtually unchanged, our infrastructure is de minimis; we're on track for Q4 profitability."
"We've seen 100% growth every year in business since inception," he said.
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