Balderton Capital et al. in follow-on for Vivino

All of Vivino's existing investors took part in this follow-on funding round, including Seed Capital Partners and Creandum, as well as Skype founder and entrepreneur Janus Friis.

The fresh capital will be used mainly for product and business development, in order to expand throughout Europe as well as North and South America.

Vivino recently integrated a new Optical Character Recognition technology, which increased the company's overall success rate of matching wine labels to 86%, a near twofold increase since last year.

Previous funding
In 2011, Vivino received seed funding from Seed Capital, Creandum and Janus Friis.

Including this latest round, Vivino has raised a total of $12.4m to date.

Company
Founded in 2009, Vivino is headquartered in Copenhagen, Denmark. The social wine app covers a database of 1.3 million wines. It allows users to share tasting notes, ratings and pricing information.

Vivino has grown to 2 million wine label scans per month, compared with 80,000 scans per month at the time of launching the app in April 2012.

People
Roberto Bonanzinga is a partner at Balderton. Heini Zachariassen is the founder and CEO of Vivino.

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