Wine delivery app aims to go nationwide with £300k funding
A London wine delivery platform has announced that it has raised more than £300k as it aims to expand its service nationwide.
Drop Wine, which is currently based only in London, reached its initial £300k target within fifteen days, and has now extended the goal to £500k.
The app, which is a virtual wine cellar offering one-hour delivery, is hoping to offer its services across the nation with the funding, creating 100 distribution points.
Will Palmer, founder of Drop Wine, commented: “The response has been amazing, and we are so grateful to those that have chosen to invest and be part of our growth plans.
“The fact that we hit our target in such a short time frame is a testament to the fact our investors believe in the business model and future for Drop.
“Investors have been particularly interested in the tech platform, unique offering and our plans for national expansion.
“There is still time to invest in the next 24 days as we move towards our stretch goal of £500k.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.