EVMA Trek to Winc HQ

Winc, a Los Angeles-based wine club, produces, rather than purchases, the wines in its club under the scrutinizing eye of its cofounder and COO Brian Smith, an experienced sommelier and winemaker. By curating Winc's offerings as he would a top restaurant selection, Smith created a large-scale club with wines that could easily make their way onto the country's best retail shelves and wine lists.

The wine company has grown steadily over the last year: it saw sales in 2018 increase to $40.6 million, up from $36.8 million the year before. To keep up with the demand, the company has had to continue raising capital. Its most recent Series C brought in $10 million, which was south of its $17.5 million Series B. In total, Winc has raised close to $44 million. Investors include Bessemer Venture Partners, Amplify.LA and the Cool Japan Fund.
Now, Winc is turning to equity crowdfunding. The company hopes to raise $15 million, giving it a pre-money valuation of $110 million; the minimum investment figure is $1,000. With the new capital, the company plans to expand into beer, spirits and the non-alcohol space, as well acquire two to three brands in the next few years.

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