Friday, December 18, 2009

Inertia Beverage Gains $14M

Napa-based Inertia Beverage Group, a provider of e-commerce and logistics software for the wine industry, said Thursday that it has raised $14M in funding. The funding came from existing investors Allegis Capital and Sid R. Bass Associates, along with new investor PEI Funds. The firm said the funding will go to strengthen its fulfillment, winery-direct ecommerce, and compliance services. Dave Manougian, former CEO of The Golf Channel, joins the firm's board along with the funding. Inertia Beverage Group provides technology and services to help wineries sell wine via e-commerce, along with the logistics support to ship the win and ensure compliance with varied laws over wine shipments. More information »