Late filer Vivino reported raising $12.22 million via private placement

vivinoLate filer Vivino successfully completed a $12.22 million non-brokered equity financing round. A total of eight investors started to subscribe to the round last June. No offering was previously initiated by the company under a registration exemption with the SEC.

Vivino develops and markets a wine label recognition application featuring crowd-sourced reviews. The database encompasses around four thousand wines.

Vivino, registered in 2014, is headquartered in Palo Alto CA. It is led by Heini Zachariassen (President). Revenues were not disclosed.
The board of directors includes Jon Kaplan, Lars Andersen, Martin Hauge, Niels Vejrup Carlsen and Suranga Chandratillake.

Offering recap
Status: Completed
Company: Vivino
Industry: Other Technology
Amount offered: $12.22 million
Amount placed: $12.22 million
First sale: 06-26-2014
Data as of: 11-06-2014

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