Balderton Capital Leads Spherical with Participation by Earlier Buyers; Highest-ranked App for Wines Has Raised a Complete of $12.four Million to DateCopenhagen, Denmark – July 17th, 2013 — Vivino, probably the most downloaded wine app globally and the highest-ranked wine app in america, at this time introduced it has acquired $10.three million (€7.9 million) in follow-on Sequence A funding in a spherical led by Balderton Capital.  Vivino logoThe new funding brings the entire quantity of funding capital that Vivino has acquired thus far to $12.four million (€9.5 million). Founder and CEO Heini Zachariassen says the brand new funding will probably be used largely for product and enterprise growth and to market Vivino extra extensively all through Europe and North and South America.Vivino has seen skyrocketing progress to 2 million scans of wine labels per 30 days – in contrast with 80,000 scans per 30 days at launch in April 2012 – which simply makes it the world’s high cellular wine app, mentioned Zachariassen.  Vivino, the favored, easy-to-use cellular app for wine lovers, gives a straightforward approach to uncover, fee and share wines tasted. Customers merely snap pictures of wine labels utilizing the Vivino app on their smartphones and the pictures are then matched in opposition to a database of 1.three million wines to return the respective wine’s producer, model, title, varietals and classic.  Unbiased since 2007, Balderton Capital is the previous European funding arm of Benchmark Capital. Skype founder and entrepreneur Janus Friis, SEED Capital Companions and Creandum invested in Vivino beforehand and all participated once more within the newest spherical.  “It’s very satisfying to me that we’re the primary wine app to obtain this degree of funding and that every one of our present buyers are taking part once more on this newest funding spherical,” Zachariassen mentioned.  “Their enthusiasm for Vivino and our phenomenal progress thus far actually validate our technique and the acceptance we’re receiving around the globe.”The corporate lately built-in new Optical Character Recognition (OCR) expertise that elevated Vivino’s general success fee of matching wine labels to 86 %, almost double its match fee of a 12 months in the past.  Roberto Bonanzinga, accomplice at Balderton Capital, commented: “Heini and his crew have constructed probably the most progressive and common wine app throughout each iPhone and Android.  We sit up for bringing to Vivino our expertise in supporting profitable European entrepreneurs to increase within the U.S. market. We’re delighted to be a part of the following necessary stage of worldwide growth for Vivino.”The free Vivino app is accessible on iPhone/iPad, Android and BlackBerry (BB10) platforms. Go to www.vivino.com to study extra or obtain the app.###About VivinoFounded in 2009, Vivino is now the #1 wine app available on the market. It helps wine lovers, whether or not novice or professional, uncover and fee wines tasted with ease. The free cellular app permits customers to take pictures of wine labels and utilizing distinctive picture recognition expertise, matches the pictures in opposition to a database of 1,three million wines. Vivino connects wine lovers by way of a community of posted critiques and permits customers to share their experiences by way of Fb, Twitter and e-mail. The app is accessible on iOS, Android and BlackBerry (BB10).About Balderton CapitalBalderton Capital is among the largest enterprise capital companies in Europe, dedicated to discovering and serving to proficient entrepreneurs construct nice firms globally. Based mostly in London, the agency manages $1.9 billion in dedicated enterprise capital. Since 2000, Balderton has invested in over 100 firms. Notable investments embody YOOX Group (the net retailer of main style manufacturers, listed in December 2009), LOVEFiLM (offered to Amazon in 2011), Betfair (the net betting trade floated in London in October 2010), Bebo (offered to AOL for $850m), and MySQL (offered to Solar for $1 billion). It has intensive expertise in serving to European firms construct their firms globally, notably within the US market. For instance, Kobalt, based by a Swedish entrepreneur and now one of many largest music publishers primarily based in US and Globoforce, based in Eire in 1999 and now the world’s main supplier of worker reward applications, additionally primarily based in US.For extra info, go to: www.balderton.com. MEDIA CONTACT: Jim LlewellynComunicano, Inc. +1 [email protected]