US direct-to-consumer winery Boxt has secured $9.35 million in equity and debt funding, as it looks to continue driving the expansion of its fine wine brand.
The funding round was led by Next Coast Ventures, with participation from privately owned WX Brands, venture debt partner Silicon Valley Bank and multiple private individual investors.
Austin, Texas-based Boxt is a female-owned ‘wine club’ that is focused on creating a luxurious wine experience by delivering its products to consumers’ doorsteps. Boxt offers on-tap wines that stay fresh for up to six weeks once opened, allowing consumers to pour the exact amount of wine they want.
The winery’s range includes white, red and rosé handcrafted wines, offered through a monthly membership-based subscription service.
“Our goal is to be everyone’s go-to glass of house wine,” said Sarah Puil, founder of Boxt. “We’re excited to use this investment to expand our marketing to grow membership and brand awareness, fund technology development for reducing our carbon footprint and continue to research the best ways to provide a sustainable, luxury wine experience for our members.”
© FoodBev Media Ltd 2021
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