Vivino closes USD 155 million Series D funding round
Vivino, the world’s largest mobile wine app, closed a USD 155 million Series D funding round. Dial Partners, Clairfield’s partner firm in London, advised Vivino’s largest shareholder, SCP Neptune International. Joining SCP Neptune International to support the next phase of Vivino’s development is Swedish investment firm Kinnevik AB.
SCP Neptune International is a private investment firm led by the family office of Christophe Navarre, former Moet Hennessy CEO and chairman of Vivino and VinExpo, and member of the Heineken Advisory Board.
Vivino is the world’s most downloaded mobile wine app and is the largest online wine marketplace, with a community of 50 million wine enthusiasts and 700 marketplace partners worldwide. The company has posted a 100% annual growth rate for the last seven years and a 103% increase in year-over-year sales in 2020.
Dial Partners has advised SCP Neptune International, whose chairman Christophe Navarre is also chairman of Vivino, on the group’s investment in Vivino since 2015, supporting the company’s previous Series B and Series C funding rounds in 2016 and 2018, respectively. This latest round brings Vivino’s total funds raised to date to $221 million. The Dial Partners team was led by managing director Nabhan El Haddad.
Nabhan El Haddad commented, “We are pleased to continue our successful partnership with SCP Neptune International on its investment in Vivino. Under Neptune’s ownership, Vivino has gone from strength to strength and it is a privilege to be part of the company’s growth story. We look forward to supporting chairman Christophe Navarre and his talented team as they continue to drive Vivino’s exceptional growth in the e-commerce sector.”
Deal team:
