VIVINO RAISES $20M FOR INTERNATIONAL EXPANSION AND TECHNOLOGY INNOVATION

Vivino, the world's most downloaded mobile wine app and largest online wine marketplace, has managed to raise $20m in a round led by SCP Neptune International, who join existing investors Balderton, Creandum, SEED Capital and Iconical.

Over the past two years Vivino has seen its user base grow from 13 million to 29 million and it now provides information on over 9 million wines from 3,157 wine regions and 204,154 wineries.

Vivino will be using the Series C financing to further develop their technology and to fuel growth, with plans to expand to new markets such as Hong Kong. The team is targeting $1 billion in wine sales by 2020.

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