# Wine Plum

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wine-plum

- Industry: Consumer Products
- Headquarters: Dania Beach, US
- Website: www.plum.wine
- Total disclosed funding: $19M
- Latest round: Series B (May 30, 2018)
- Investors on record: 2

## About

Wine Plum, Inc. is an innovative company specializing in wine preservation technology, offering sophisticated appliances that enhance the wine drinking experience for enthusiasts and connoisseurs alike.Founded in 2014 and headquartered in Dania Beach, US, Wine Plum, Inc. specializes in wine preservation technology. The company raised USD 10 mn in Series B funding on May 30, 2018, led by Las Olas Venture Capital. CEO Michael Traub directs the company, which has completed two significant deals since its inception.Plum offers a precision-engineered wine preservation appliance that keeps a single 750ml bottle of wine fresh for up to 90 days. Utilizing advanced technology such as precision needle extraction, argon pressure, and temperature control, it serves both red and white wines at optimal temperatures. The product primarily targets wine enthusiasts in North America and Europe, emphasizing upscale residential and hospitality markets.Wine Plum, Inc. operates a direct-to-consumer sales model, allowing pre-orders for their flagship wine preservation units, anticipated for shipment in early 2026. Revenue is generated through these individual sales, with a focus on customer engagement and satisfaction. The company may also pursue partnerships with retailers and wine distributors to expand its market presence, maintaining a streamlined transaction process for consumers.Looking ahead, Wine Plum, Inc. is focused on launching new products, including enhancements to their wine preservation technology by early 2026. The company aims to expand into additional international markets, particularly targeting regions with growing wine cultures. The recent Series B funding of USD 10 mn will support these initiatives, enhancing product development and market outreach.

## Funding rounds

- Series B, May 30, 2018, $10M — Las Olas Capital Advisors
- Series A, Jul 13, 2017, $9M — Khosla Ventures, Las Olas Capital Advisors

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- Las Olas Capital Advisors (https://capitalatlas.ai/funds/las-olas-capital-advisors) — Series A, Series B