Valued At $90 Million, Florida’s Fun Wine Company Aims To Go PublicNovember 12, 2021
Miami, Florida’s The Fun Wine Company has closed a new financing round valuing it at $90 million. Investors in this $6 million round include Avon Road Partners, Cedarview Capital Management, and Ross Family Trust, alongside a private investor. The new funding comes ahead of Fun Wine’s plan for a public offering in 2022.
Fun is working with Manhattan Street Capital for a Regulation A+ public offering, subject to SEC approval, planned for Q1 2022. For 2021, Fun Wine’s namesake brand—a rising player in the growing better-for-you wine segment—is projected to grow 194% to around 150,000 cases, according to Impact Databank.—Shane EnglishSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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