Bright Cellars

Bright Cellars

Wine club that delivers personalized wine picks to your door.

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Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues00000000000000000000
% growth-70 %45 %--
EBITDA00000000000000000000
Profit00000000000000000000
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Dealroom estimates

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More about Bright Cellars
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Bright Cellars was established in 2015 by co-founders Richard Yau and Joe Laurendi, who met at the Massachusetts Institute of Technology (MIT). Their shared passion for wine and data science led to the creation of the company, with Yau's background in consumer products and Laurendi's expertise in software engineering and machine learning forming the foundation of the business. The company was born from Yau's personal experience of wanting to learn about wine but feeling overwhelmed by the complexity of the choices available.

The core of Bright Cellars' business was a monthly subscription box service that utilized a data-driven approach to match members with wines tailored to their specific tastes. New customers would take a seven-question palate quiz to establish their initial flavor profile. Based on these results, the company's algorithm, Bright Points, would select four bottles of wine for the member's first monthly shipment. Members would then rate the wines they received, which further refined the algorithm's understanding of their preferences, theoretically improving the personalization of future selections over time. The company sourced its wines from vineyards around the world, including Italy, Spain, Portugal, South America, and California, often putting its own private label on them.

Bright Cellars operated on a direct-to-consumer (D2C) subscription model, generating revenue by charging a monthly fee for the curated wine selections. The primary market was composed of millennials and individuals new to the world of wine who were seeking a more accessible and personalized discovery experience. In 2023, a significant development occurred when Bright Cellars was acquired by Winc, another prominent company in the D2C wine space that had recently filed for bankruptcy. Following the acquisition, the Bright Cellars brand was absorbed, and its operations and subscriber base were merged into Winc's platform.

Keywords: wine subscription, D2C, personalization algorithm, monthly box, wine e-commerce, curated selection, direct-to-consumer, wine club, food technology, acquisition

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