Co-founded by Louis Amoroso and Neha Kumar in 2023, Full Glass Wine aims to create a one-stop shop for wine lovers, offering a wide range of wines from various brands. The company plans to leverage data and AI to enhance personalization and customer experience. Despite not disclosing the number of subscribers, the startup expects its acquisitions to generate over $100 million in revenue in 2024. The Series A funding round was led by Shea Ventures.
Key takeaways:
- Full Glass Wine, a startup specializing in acquiring wine marketplaces, has raised $14 million in a Series A round to continue its acquisition strategy, aiming to lead the DTC wine market.
- The company recently acquired Bright Cellars, a subscription-based wine service provider, marking its third acquisition in a year. Previous acquisitions include Winc and Wine Insiders.
- With the new capital, Full Glass Wine plans to invest more in technology, including a wine-pairing algorithm that learns from user preferences and ratings, similar to how platforms like Spotify and Netflix personalize content recommendations.
- The startup, co-founded by Louis Amoroso and Neha Kumar, is open to exploring partnerships with businesses to expand its platform’s reach and offerings. The company expects the acquisitions to help it generate more than $100 million in revenue in 2024.