Seed Capital and Creandum’s Vivino raises $25m series-B

Vivino's existing investors participated in the round and the startup's first VC investor Seed Capital remains the largest shareholder. SCP is the family office of LVMH CEO Christophe Navarre, who will become a non-executive director on the startup's board following the funding round.

Vivino's series-B brings the company's total amount of funding raised to $37m since it first received a capital injection from an institutional investor in 2011.

Previous funding
Danish VC Seed Capital was the first venture backer of Vivino, investing an undisclosed amount alongside Skype co-founder Janus Friis in June 2011.

Vivino raised its series-A in December 2012, landing $1m in a round led by Swedish VC Creandum, alongside existing investors.

A follow-on series-A was completed in July 2013, with Balderton leading the top-up with a further $10.3m on the initial funding round.

Additional investors backed the company in May last year, including the angel investment vehicle of US basketball player Carmelo Anthony, Melo7 Tech Partners.

Company
Vivino is a Danish social media app focusing on wine. Founded in 2010, the company's app lets users identify wines from its database, and discuss tasting notes, ratings and pricing with other users through the app's community. It also allows users to buy wine through the app.

Headquartered in Copenhagen, Vivino has 13 million users.

People
Vivino – Heini Zachariassen (founder, CEO).

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• Topics
• Expansion
• Nordics
• Technology
• Venture
• Denmark
• Balderton Capital
• Creandum
• SEED Capital