Update: Vinfolio uncorks $4.5M more for fine wine & cellar management
[Updated: This story originally reported Vinfolio had raised $3M more in venture capital. Turns out, the financing also included $1.5 million in debt, so we've added below]
Vinfolio, a San Francisco start-up that sells fine wine and cellar management software and other services, has raised $3 million more in venture capital, plus $1.5 million in debt.
We’re expecting more details shortly. The investment follows the $1.6 million it raised from individuals last year, including board members Jean Michel Valette, of Robert Mondavi Winery and Colin Lind, managing partner at Blum Capital Partners.
The four-year-old company launched an e-commerce site last year.
[Update: Here's the announcement.
The company said the new funding comes mainly from eight new private investors.
The company says it has almost 40 full-time employees. It projects revenues to "triple" in 2007 over 2006.
William Timken, one of the founding partners and later Vice Chairman of technology investment banking firm Hambrecht & Quist, will also join the board.]
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