RICHMOND, Va.–(BUSINESS WIRE)–Vint, the first SEC qualified, fully transparent, efficient platform for wine and spirits collection investing, today announced the completion of a $1.7 million pre-seed fundraising round led by Fintech Ventures with participation from Slow Ventures, Allied Venture Partners, irrvntVC, Cooley, and Arrington Fund. This strategic investment will accelerate Vint’s growth and its mission to democratize the wine and spirits industry, deliver exceptional user experience in collectibles and investment management, and expand its customer base.
Vint’s unique model of offering expertly curated, thematic, SEC-qualified, collections of fine wines and spirits to both accredited and non-accredited investors at a variety of entry levels, sets it apart from competitors. With its low barrier of entry for collections that are properly stored and insured, investors can purchase SEC-qualified securities of wine collections. The collections are managed by an experienced and certified team of wine experts and investment is accessible to anyone with shares as low as $25 with no annual fees.
“The global wine industry is valued at over $300 billion and Vint is reimagining the future of wine investment by breaking down traditional barriers to entry including eliminating the prerequisites that have kept wine investment prohibitive to most investors for centuries,” said Lucas Timberlake of Fintech Ventures. “We’re confident that Vint is the best-suited platform to answer the market’s need for access to the stable and proven returns of wine investment at an unprecedented, accessible entry point.”
“We are excited to partner with Fintech Ventures and all our other world-class investors as we continue to disrupt the wine and spirits industry and pull back the velvet rope on a historically gated asset class. The wine and spirits industry is plagued by inefficiencies, opacity, and exclusivity, and we are transforming access to investment in these assets and democratizing an 8,000 year-old industry,” said Nick King, Chief Executive Officer and Co-Founder of Vint. “We have terrific backers, an innovative business model, and a talented team ready to take on the old guard in the industry.”
Vint recently celebrated the launch of its 11th collection, which featured a $137K curated collection of the world-renowned Domaine de la Romanée-Conti wines with a $25 buy-in investment option, marking the pairing one of the world’s most renowned wines with an exceedingly accessible investment entry point. Since Vint’s inception in 2019, nearly every collection has sold out within less than 48 hours of public release.
To learn more about Vint’s offerings, contact: support@vint.com.
About Vint
Founded in 2019, Vint set out to democratize the wine & spirits industry. Vint received SEC qualification in 2021, thereby creating the first fully-transparent, efficient platform for wine & spirits collection investing. Vint offers expert-curated, thematic collections of fine wine & spirits to both accredited & non-accredited investors. Since its launch, nearly all of Vint’s collections have sold out within days of public release. Vint is backed by leading fintech investors Fintech Ventures & Slow Ventures. To learn more about Vint, visit Vint.co.
Credit: Source link
