Wine.com Raises “Game Changing” $32.5 Million

Wine.com has raised $32.5 million through Goldman Sachs Asset Management's Private Credit Group (GSAM PCG). The company plans to use that capital infusion to enhance customer experience, brand awareness and scale its infrastructure, per a release. The capital was raised in debt and equity financing from funds managed by GSAM PCG.30% of Wine.com's revenue comes from its app. As such, the company plans to use some of its recently-raised capital on product innovation, as well as investing in features and