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
Winc, Inc. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Winc, Inc. - employee data
Winc, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| President, Vice President, Sec/Treasurer, Board Member, Committee Member 2007-2016 | BM |
BM Board Member
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