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Cause-Marketing wine company ONEHOPE Raises $33 Million with record number of investors

 

Cause-marketing wine sales company ONEHOPE  has raised at least $33 million from at least 44 investors — most of them individuals. The amount raised puts them in the number 8 position in Wine Industry Insight’s wine venture funding series despite the fact that the most recent finding round amount has not been publicly disclosed.

 

In addition to its for-profit sales organization, the company has created a federally tax-exempt corporation — ONEHOPE Foundation — which says it is serves to pass thr0ugh charitable donations.

 

Wine Executive News Premium subscribers can access a profile from Guidestar, a charity watchdog site as well as links to the foundation’s federal tax returns (below).

 

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Profiles

Bloomberg: “ONEHOPE Wine, LLC owns and operates vineyards and produces wines. The company’s products include red, white, and sparkling wines. It offers its products through hotels, restaurants, bars, and retail stores in the United States. In addition, it offers wines, gourmet coffee, hats, gift baskets, gift sets, T-shirts, V-necks, bracelets, V-neck tees, and neck tees online. The company also offers its products through distributors in the United States, China, and Puerto Rico. The company was founded in 2006 and is based in El Segundo, California.”

 

Wikipedia: ONEHOPE is a California-based seller of wine, coffee, and other products and services. The company is set up as a social enterprise to raise awareness and funding for charitable organizations and social causes. ONEHOPE donates half of its profits to charity and each ONEHOPE wine varietal supports a different charitable cause or organization. The company’s charitable donations are made through the ONEHOPE Foundation. The ONEHOPE Foundation has raised over $3 million for various charities.”

IRS Form 990 Returns (Links available to Wine Executive News Premium subscribers)

  • ONEHOPE Foundation 2014 IRS Form 990

  • ONEHOPE Foundation 2015 IRS Form 990

  • ONEHOPE Foundation 2016 IRS Form 990

  • Older Form 990s (back to 2010) at this link.

Previous Wine Industry Insight/Wine Executive News funding articles

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