
WineDemon
closedAn app that enables users to rate wines and discover what wine to select based on previous reviewers ratings.
Date | Investors | Amount | Round |
---|---|---|---|
£500k | Seed | ||
Total Funding | 000k |
WineDemon Limited operated as a mobile-first platform in the digital wine discovery market, launching an iPhone application in 2011 aimed at simplifying wine selection for consumers. The company was established by co-founder Greg Banbury with the stated goal of creating a large, trusted, and socially integrated wine community. It secured a significant seed investment of £500,000 from Rowan Gormley, a notable figure in the wine industry known for founding Naked Wines and previously heading Virgin Wines. This backing provided both capital and deep industry credibility.
The business model was centered around a free-to-use mobile app that functioned as a 'trip advisor for wine', primarily targeting the UK market with ambitions for future expansion. The application's core service was to demystify the wine purchasing process, particularly for novices. It achieved this through partnerships with major wine distributors, which allowed the app to populate its database with specific wine lists from local restaurants, bars, and supermarkets. Revenue generation streams were not publicly detailed, but the model's value was predicated on building a substantial user base and leveraging its data and community.
The product's main feature was its contextual and straightforward recommendation engine. Users could filter venues to see available wines ranked by popularity, based on aggregated community ratings. The rating system itself was designed for ease of use, employing a simple “thumbs up” or “thumbs down” mechanic to encourage user participation. This focus on user-generated ratings from a network of friends and other consumers was its key value proposition, designed to provide accessible and reliable guidance at the point of sale.
Keywords: wine discovery app, mobile wine guide, social wine ratings, restaurant wine list app, supermarket wine finder, Greg Banbury, Rowan Gormley, Naked Wines, UK wine market, wine recommendation engine, beverage technology, consumer app, digital wine community, wine tech, drink tech, hospitality tech, point of sale wine tool, wine rating platform, UK startup, iOS app