Club W Inc. has raised $9.5 million to grow its e-commerce wine business in the U.S.
Bessemer Venture Partners led the investment. Earlier the Los Angeles startup raised $3.1 million in a seed round led by Crosscut Ventures.
The deal comes after efforts to sell wine by some traditional retailers and startups didn’t bear fruit as hoped.
By: Lora Kolodny. Source: WSJ.