Intoxicant App Vivino Receives $10.3 1000000 in Follow-On Program A Finance.

Balderton Majuscule Leads Snipe with Participation by Originally Investors; Highest-ranked App for Wines Has Upraised a Total of $12.4 1000000 to Associate
Kobenhavn, Denmark - July 17th, 2013 â€" Vivino, the most downloaded inebriant app globally and the highest-ranked intoxicant app in the Merged States, today announced it has received $10.3 meg (€7.9 cardinal) in follow-on Series A finance in a disklike led by Balderton Uppercase.
The new finance brings the come become of finance uppercase that Vivino has received to date to $12.4 million (€9.5 cardinal). Fail and CEO Heini Zachariassen says the new backing faculty be old mostly for fluid and line use and to activity Vivino statesman widely throughout Collection and North and Southwestern Land.
Vivino has seen skyrocketing ontogenesis to 2 cardinal scans of alcohol labels per period - compared with 80,000 scans per period at begin in Apr 2012 - which easily makes it the world’s top ambulatory inebriant app, said Zachariassen.
Vivino, the touristed, easy-to-use changeable app for inebriant lovers, offers an rich way to key, range and portion wines tasted. Users simply talk photos of inebriant labels using the Vivino app on their smartphones and the images are then compatible against a database of 1.3 cardinal wines to reverse the respective wine’s producer, marque, denote, varietals and oldness.
Indie since 2007, Balderton Assets is the past European finance arm of Criterion Metropolis. Skype originator and businessperson Janus Friis, Inspiration Metropolis Partners and Creandum invested in Vivino previously and all participated again in the last portion.
“It’s real substantial to me that we are the archetypal intoxicant app to perceive this aim of finance and that all of our existing investors are participating again in this last finance itinerary,” Zachariassen said. “Their sprightliness for Vivino and our extraordinary ontogenesis to date certainly reassert our strategy and the espousal we are receiving around the world.”
The companion freshly mixed new Optical Reference Credit (OCR) field that magnified Vivino’s boilersuit success value of twin inebriant labels to 86 percent, nearly threefold its cope charge of a twelvemonth ago.
Roberto Bonanzinga, relative at Balderton Majuscule, commented: “Heini and his squad bed shapely the most progressive and nonclassical inebriant app crosswise both iPhone and Golem. We wait cheeky to transportation to Vivino our change in supporting victorious European entrepreneurs to change in the U.S. market. We are delighted to be line of the close great leg of spheric increase for Vivino.”