Vinomofo

Vinomofo

Vinomofo is all about good wine, real people, and the most epic wine deals on the planet.

  • Edit
DateInvestorsAmountRound

$19.0m

Series A
Total Funding000k

Financials

Estimates*

Get premium to view all results
Edit
Revenues, earnings & profits over time
USD201820192020202120222023
Revenues000000000000000000000000
% growth---(5 %)3 %-
EBITDA000000000000000000000000
Profit000000000000000000000000
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Dealroom estimates

Notes (0)
More about Vinomofo
Made with AI
Edit

Vinomofo operates as a members-only e-commerce platform for wine, established to counter the perceived elitism in the wine industry. The company was founded in a garage in Adelaide, Australia, in April 2011 by brothers-in-law Justin Dry and Andre Eikmeier, along with Leigh Morgan. The founders' journey began earlier, around 2007, with the creation of Qwoff, an online wine community and review site, which built a passionate following but lacked a sustainable revenue model. This experience, combined with a wine adventure show called 'Road to Vino', helped them build a strong network of producers and understand the desire for a more accessible approach to wine.

The business model is centered on a direct-to-consumer approach, sourcing wines directly from producers to offer curated deals to its members. Revenue is generated purely from the sale of these wines. This model allows Vinomofo to provide access to high-quality wines, from boutique and independent producers, at more affordable prices by cutting out intermediaries. A key feature of their service is a rigorous curation process, where a team tastes numerous wines but selects less than 5% to feature on the site, ensuring a high standard of quality for their customers, whom they call the 'mofos'. The platform serves a community of over 500,000 members in Australia, New Zealand, and Singapore.

A significant milestone in the company's history was its acquisition by the Catch of the Day group in 2012, a move intended to accelerate growth. However, the founders felt a disconnect with the new ownership and bought the company back in June 2013. This independence allowed them to refocus on their core mission. In 2016, Vinomofo secured a major A$25 million Series A funding round led by Blue Sky Alternative Investments to fuel domestic and international expansion. In a strategic move to enhance its customer offering, Vinomofo acquired Revel, an events company known for creating food and wine festivals like Pinot Palooza, in late 2021. This acquisition signaled a move towards providing more tactile and engaging experiences for its community, expanding revenue streams beyond online wine sales.

Keywords: online wine retailer, e-commerce, wine deals, direct-to-consumer wine, wine club, Australian startup, wine curation, member-only retail, Andre Eikmeier, Justin Dry, wine community, beverage e-commerce, wine delivery, curated wine, Australian wine, New Zealand wine, Singapore wine, Pinot Palooza, Revel events, online liquor store, wine subscription

Analytics
Unlock the full power of analytics with a premium account
Track company size and historic growth
Track team composition and strength
Track website visits and app downloads

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.
Book a Demo