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Bright Cellars Moves to #17 in Top 20 Wine Venture Fundings with $8.5 million round

 

Milwaukee-based Bright Cellars announced a $8.5 million Series A round last week, bringing their funding total to at least $13.46 million. That total moves them into #17 in Wine Industry Insight’s WineTech Finding series.

 

That funding, led by AOL co-founder Steve Case’s D.C.-based Revolution Ventures, put Bright ahead of Saucey and knocked Wine Communications Group out of the 20 largest fund raisers.
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SEC Form D filings

Among the funding sources located by Wine Industry Insight were five SEC Form D offerings. Wine Industry Insight emailed Bright Cellars to ask whether or not the fundings, (table below) below, were additional funds raised, or were fully accounted for in the table above.

Bright Cellars did not respond.

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Bright Cellars: Moves to #17 in Top 20

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More recent  information at this local Wisconsin link: Bright Cellars Uncorks $8.5M Round for Wine Subscription Service.

Also in this article for premium subscribers:

  • Bright Cellars: Based Loosely on Tim Hanni’s Concepts

  • The Bright Cellars Taste Test: Screen Caps

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Previous Wine Industry Insight/Wine Executive News wine tech funding profiles:

2018