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Article: Wine.com Announces $20 Million in Funding Led by Baker Capital; Leading Online Wine Retailer Secures Additional Financing to Support Aggressive Growth Initiatives.
- Article from:
- Business Wire
- Article date:
- September 8, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Wine.com, the leading online wine retailer, today announced it has received $20 million in financing in a mezzanine round led by Baker Capital of New York. In addition, Joseph Saviano and Jonathan Grabel, both General Partners at Baker Capital have joined Wine.com's board of directors. Wine.com's previous investors and private shareholders also participated in the round.
Over the last few years, the "new" Wine.com was relaunched and consolidated out of the original wine.com, as well as WineShopper and eVineyards. To date, Wine.com has secured over $35 million in capital. Led by President and CEO, George Garrick, Wine.com continues to embark on a ...