As a result, venture capitalists are circling beverage alcohol tech brands as the digital booze field continues to expand. Case in point: SevenFifty has announced $23 million in new funding. SevenFifty provides mobile and web-based technology solutions across three tiers of the beverage alcohol industry, connecting buyers, distributors and retailers via a suite of integrated data management tools. Over 90,000 restaurant and retail buyers—including Skurnik, Momofuku, Kermit Lynch and Winebow—currently use SevenFifty’s marketplace, making it the largest B2B wholesale alcohol marketplace in the alcohol space. Vivino, a mobile wine rating app and online wine marketplace, closed a $155m round of Series D funding.

Source: Forbes May 31, 2021 18:22 UTC