Co-founder of AOL Steve Case (who will be up on stage at TechCrunch Disrupt this morning – live stream here) has invested an undisclosed sum in online wine marketplace Vinfolio.
The funding comes from Case’s investment company Revolution – partners David Golden and Philippe Bourguignon will join the startup’s board of directors.
The deal terms were not disclosed.
Vinfolio, based in San Francisco, provides fine wine fans and collectors with technology to purchase and manage wine collections, and share their ratings and opinions with others.
The company has raised capital in the past, most recently securing $4.5 million in a Series A funding round led by Panorama Capital.
The startup competes with the likes of Wine.com, Snooth, Vinogusto and Cork’d.
Based in San Francisco, with a second location opening in Hong Kong in Fall 2008, Vinfolio’s guiding principle is “Fine wine, finer service,” demonstrating the company’s unparalleled level of personalized customer service and collector services. Vinfolio’s wine store is seamlessly integrated with collector services, all designed to make the wine buying, selling and collecting experience effortless and enjoyable. From an extensive selection of fine wine to VinCellarâ„¢, its online cellar management software, to collector services...
Steve Case is one of America’s best-known and most accomplished entrepreneurs and philanthropists, and a pioneer in making the Internet part of everyday life. Steve co-founded America Online (AOL) in 1985, when the Internet was in its infancy. Under Steve’s leadership, AOL became the world’s largest and most valuable Internet company, and helped drive the worldwide adoption of a medium that has transformed business and society. AOL’s early focus on ease of use and social media set...
Launched by Steve Case in 2005, Revolution seeks to transform whole market sectors by shifting power to consumers. Revolution looks for companies that are attacking large, traditional industries with innovative new products and services. Revolution LLC has three core business groups: Revolution Ventures, Revolution Growth and Revolution Places. Many industries are on the brink of disruptive change: At Revolution they build insurgent companies to capitalize on nascent opportunities. Revolution searches for businesses that recognize emerging market trends and pursues them,...
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