Vinfolio Uncorks $4.5 Million in Series A Round

03 September 2009 - The New York Times: DealBook

Vinfolio has raised $4.5 million in a Series A funding round led by Panorama Capital. Previously, the virtual wine shop was funded by private investors.

Vinfolio offers a supply of over 200,000 wines and provides services and resources for wine afficionados to find, buy, sell, manage and enjoy fine wine. The company first raised its glass in 2003.

Stephen Bachmann, founder and chief executive, said the new funding will help accelerate the growth of the Vinfolio Marketplace — a wine auction site that the company started this year. The funds will also aid the company’s expansion in Hong Kong, where Vinfolio began an operation last year.