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Wine.com Seeks Funding at Valuation of More Than $1 Billion

July 31, 2020

The company has tapped an adviser for the fundraising, which may target so-called crossover investors or firms known for backing fast-growing companies ahead of a potential initial public offering, said the people, who asked not to be identified because the talks are private. Wine.com is seeking to raise around $50 million to $75 million.