Co-founded by Louis Amoroso and Neha Kumar in 2023, Full Glass Wine is exploring partnerships to expand its platform's reach. The company is integrating its acquisitions and expects to generate over $100 million in revenue in 2024. It plans to offer a diverse selection of over 400 SKUs with most bottles ranging from $12 to $25. 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 funding round to continue its acquisition strategy and 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.
- Full Glass Wine plans to invest more in technology, leveraging data and AI to make personalized wine recommendations. It also aims to navigate the complex regulations across different states in the DTC wine industry.
- The startup anticipates generating more than $100 million in revenue in 2024, offering a diverse selection of over 400 SKUs with most bottles ranging from $12 to $25.