Winc, Inc.

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Winc, Inc. - overview

Established

2011

Location

Los Angeles, CA, US

Primary Industry

Consumer Products

About

Winc, Inc. is a US-based company specializing in direct-to-consumer wine distribution, providing personalized wine selections through a subscription model and enhancing customer experiences with tailored recommendations. Founded in 2011 in Los Angeles, US, Winc, Inc. focuses on the subscription-based distribution of wines.


The company's founders include Alex Cabré, Bert Clybouw, Brian Smith, Christophe Segers, Geoffrey McFarlane, Guillermo Martorell, and Myka McLaughlin. Geoffrey McFarlane currently serves as CEO. In November 2021, Winc, Inc. successfully raised USD 20.


31 mn in an IPO, marking a significant milestone for the company. As of December 2022, Winc, Inc. has discontinued its operations. Winc specializes in the direct-to-consumer distribution of wine, offering a curated selection through a subscription model.


Customers receive personalized wine recommendations after completing a Palate Profile Quiz. Their product range includes red, white, rosé, and sparkling wines, with marketing focused on consumers aged 21 and older in the US, shipping to states like California, New York, and Florida. In the most recent year, Winc reported a revenue of USD 64. 71 mn for 2020, with an EBITDA of USD -5.


65 mn for the same year. Following their IPO in November 2021, Winc raised USD 20. 31 mn by selling 1. 69 million shares at USD 13 per share on the NYSE.


However, the company has since discontinued its operations in December 2022, impacting its future growth plans significantly.


Current Investors

Bessemer Venture Partners, Amplify, Shining Capital

Primary Industry

Consumer Products

Sub Industries

Alcoholic Beverages, Food & Beverage Distribution, Web Applications

Website

www.winc.com

Verticals

E-commerce

Company Stage

Ceased Operations

Total Amount Raised

Subscriber access only

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