Club W, a Los Angeles, CA-based wine company, raised $9.5m in Series A funding.
The round was led by Bessemer Venture Partners.
The company intends to use the funds for product development, further integration of its supply chain and expansion of marketing initiatives.
Founded in 2011 by Xander Oxman, Geoffrey McFarlane and Brian Smith, Club W built a distribution platform to deliver high quality wines from around the world at lower prices. It also makes individual recommendations for members each month based on its proprietary Palate ProfileTM system. Members can also make their own selections from $13 a bottle.
FinSMEs
23/09/2014