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Vivino's mission is to democratize wine.
18% employee growth in 12 months
Vivino exists because wine is complicated, when you stand in front of an aisle of wine choosing is difficult. Vivino makes it easy: you can take a picture of any bottle of wine in the world and it will tell you what it is. The advantage of their crowd-sourced rating is the sheer volume, allowing Vivino to rate almost all the wines out there.
The main purpose of the app is helping consumers to navigate the world of wine. The app serves to lure in millions of users, get their attention, get their data, and then make money off the back of this. The size of the wine market is $417 billion globally, and this is what Vivino has its eyes on. Revenue streams are commissions on third-party wine sales, selling data, and advertising. Vivino also leverages this community data to offer a unique wine shopping experience by suggesting personalised wine recommendations for each individual user.
Vivino is a remarkable wine success story, in an industry often criticised for its lack of innovation. The company has claimed the position as the go-to wine utility for consumers all over the world, creating a strong community with network effects and rich data insights.
Steph
Company Specialist at Welcome to the Jungle
Feb 2021
$155m
SERIES D
Dec 2018
$7.5m
SERIES C
This company has top investors
Heini Zachariassen
(Board member)Former CEO of BullGuard, founder and host of YouTube channel helping Startups and Founders Raw Startup.
Theis Sondergaard
(CPO)Former CTO and co-founder of BullGuard and founder and partner of mobile education company Fusentasterne.