Wine App Vivino Raises $155 Million Fueled by Pandemic
- Vivino to hire, expand Netflix-style recommendation engine
- Company valued between $600 million and $800 million in round
Wine sales on Vivino’s platform more than doubled in 2020.
Photographer: David Silverman/Getty Images
Wine startup Vivino raised $155 million to expand into new countries, add staff and build out its recommendation engine after more than doubling wine sales during the pandemic.
The round, the company’s first since 2018, was led by Swedish investor Kinnevik AB, Vivino said in a statement Wednesday.