Inveready leads €1.5m round for Wineissocial
Inveready has led a series-A funding round of more than €1.5m for Spanish wine e-tail and recommendation site Wineissocial.
IFEM, a subsidiary of the Catalan Finance Institute, has also provided €200,000 as part of the deal. Co-investment was provided by business angels and soft loans.
Company
Founded in 2011 and based in Barcelona, Wineissocial is a subscription-based website that allows users to purchase wines that match their taste preferences. Users are able to share their reviews of wine on the company's social network sites and receive two bottles of wine a month selected by Spanish sommeliers.
People
Ignacio Fonts is a general partner at Inveready and worked on the transaction. Manel Sarasa is CEO of Wineissocial.
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