The invest abroad trend among Russian financial institutions was demonstrated again last week by a capital injection of “several million euros” in Wine in Black, a German premium wine online retailer. The round was led by Russia’s Bright Capital Digital with existing investors – e.ventures (Hamburg), Passion Capital (London) and Project A (Berlin) – also participating “significantly.”
Wine in Black claims to be “founding a new generation of online wine retail, demonstrating how quality rather than quantity works online.” One year after launch, it serves “almost 200,000 members” with a growth of “about 10,000 new members per month.”
The startup will now push international roll-out, marketing, and m-commerce.
Bright Capital Digital operates both domestically and internationally. It is affiliated to Bright Capital, a fund launched by Russian billionaire and minister of Open Government Mikhail Abyzov.
Among Bright Capital Digital’s other portfolio companies are Auctionata (Germany), Cloudmach (USA), Doctor At Work (Russia), Fotoshkola.net (Russia), and Yuilop (Spain).
Source: Bright Capital