invino, an online wine distribution company based in Sonoma, announced it has raised more than $3 million in venture capital to fund its growth.
The company, launched in March 2010 by Danielle Wein-Westfall and Tony Westfall, is growing at triple-digit rates and is on track to become profitable by the fourth quarter, said Tony Westfall, invino’s chief executive officer.
“It’s exciting for us and wine online as a whole, proving there is a profitable model for engaging an array of wine consumers, without raising tens of millions of dollars,” Westfall said in a statement.
invino sources wines from around the world and sells them to members on its website, www.invino.com, and on eBay.
Investors include DN Capital, Founders Fund, Launch Capital, Correlation Ventures, Veddis Ventures, Super Angels, Fabrice Grinda and Jose Marin
Napa vintners obtain trade mark in New Zealand
Napa Valley Vintners has obtained a trade mark registration in New Zealand, the latest result of the St. Helena group’s campaign to protect the Napa brand around the world.
“Although New Zealand is not a major export market for Napa Valley wine, it is an important wine producer and there is potential for misuse of the Napa Valley name,” Pat Stotesbery, chair of the group’s Napa Name Protection committee, said in a statement.
“This registration is another achievement in our ongoing effort to ensure consumer confidence that when a bottle of wine says ‘Napa Valley’ in the brand name, the wine in that bottle is indeed produced from Napa Valley grapes and reflects the consistent quality of our region,” Stotesbery said.
Napa Valley Vintners had previously obtained protective status for the Napa Valley brand in Brazil, Canada, India and Thailand. It was the first wine region in the world to obtain the related Geographic Indication (GI) status in China in 2012, and was the first non-European wine region to secure GI status from the European Union in 2007.
Children of Sonoma vineyard workers awarded scholarships
Twenty-three children of vineyard workers in Sonoma County were awarded scholarships through a program created by Wilson Artisan Wineries in Healdsburg.