Tuesday, August 14, 2007

Vinfolio Uncorks $4.5M

San Francisco-based Vinfolio said Monday that it has raised $4.5M in a new round of funding. The firm said that the funding consisted of $3.0M in equity, plus $1.5M in a secured credit facility. Vinfolio operates an online wine service which managed wine cellars for collectors, including inventory and storage of wines. the firm said that it will use the funding to accelerate technology development and its acquisition of private wine collections. The round follows an investment of $1.6M in the firm last year. Both investment rounds came from private investors. William Timken, a founding partner and prior Vice Chairman of Hambrecht & Quist, joins the firm's board as part of the funding. More information »