Wine.com Toasts $20M in Funding

Wine.com, San Francisco, an online wine retailer, said yesterday it has received $20 million in financing.

The capital will be used to eliminate debt, upgrade corporate systems, implement a new and personalized Web site platform and to fund marketing and CRM initiatives.

In the past few years, the “new” Wine.com was relaunched and formed out of the original wine.com as well as WineShopper and eVineyards. Wine.com has secured $35 million in capital.

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