Invine Inc is excited to announce the closing of an oversubscribed pre-seed round led by a european Venture Capital firm and a few angel investors.
InVine is a cloud platform used by restaurants to optimize revenue generation on their highest margin products: wine and liquor. Restaurants replace the outdated and complex wine list spreadsheet files, pricing formulas and printing issues, with a cloud platform that delivers automated pricing, a large product database and a digital wine list to provide on the restaurant’s tablets, and soon on patron’s smartphones too. InVine saves restaurant managers and sommeliers about half an hour per day, increases wine spend more than 20% and drives customer satisfaction up.
This financing will support the comercial launch of InVine in the US, in San Francisco, and the development of the next generation beverage management technology that helps both restaurants and consumers.
“We deeply appreciate the support of our investors, who showed great trust in us and quickly subscribed to this round, and we look forward to grow InVine and achieve the vision for a disruptive technology player in the restaurant industry.”, Joao Reis, CEO.