We are excited to announce the closing of a $5m oversubscribed seed round led by Montage Ventures, with participation from MS&AD Ventures, Goat Rodeo Capital, Fintech Ventures, Great Oaks Venture Capital, Plug & Play Ventures, irrvntVC, Fiat Ventures and WTI. These investors are great partners across the fintech, consumer, wine, and spirits world, to help us in pursuing our mission to create a new financial asset class.
The last time I wrote one of these fundraising updates, in October 2021, Vint was a 4-person company having completed under 10 offerings on our platform, with no realized distributions. In that blog post, I noted, “the team, the community, and the platform are all set to grow.” We executed on these targets bringing us to Vint 2.0.
The Team Over the last 14 months, Vint has grown from 4 to 12 all-star team members. We have brought on top-notch talent across the wine, growth, investor relations, business development, product, and engineering teams. The success we have had, thus far, is all because of the individuals who put the time and effort into building this company. I feel fortunate to have these individuals on the Vint team.
The Community The Vint community has grown to over 7,500 members. These people are how we know that we have something truly special. In fact, we have an entire slack channel dedicated to customer feedback. Here are a few recent quotes from our investors: “I love the platform”, “I like how easy it is to diversify”, and “The collection distributions are great, and the returns are amazing.” We have definitely found our “1,000 true fans”, and now it’s time to turn that into 10,000 true fans.
The Platform Every day, we are working to build a better experience for investors. We have improved the content we provide investors with our podcast, long-form case studies, and the blog. The investment process is 10x smoother than it was a year ago. Investors have more details on their portfolio page to better understand holdings and distributions. The thing that excites me the most about the platform is that we are continuing to create the best experience for investors.
Now that we have executed what we laid out in our pre-seed announcement – we are on to the next phase of growth at Vint. The above has become table stakes. We are always recruiting A+ talent to join the team. The community will continue to grow, with more and more true believers in the Vint product. And the product will only get better and better for investors. So, what do we have in store for this next phase of growth?
New offerings, more data, and distributions.
New Offerings We understand that investors have certain preferences when it comes to their investments. That is why we built the platform that is by far the most efficient way to diversify across this asset class. We will be using this seed capital to develop new products for our investors. More collections, broader ranges of assets, and new offering themes are coming in this next exciting phase of growth for Vint.
More Data Customer feedback is core to how we prioritize product features. Data is consistently the number one ask from our investors. With that feedback in place, we have made it a priority to establish data integrations to improve the scalability of our data processes. We are working on features allowing investors to better understand Vint collections with data. We look forward to accelerating this with this round of venture capital.
Distributions As of today, Vint has processed 6 rounds of distributions. Our net annualized return (realized)* on these assets is 28%. Year-to-date, the S&P 500 is -15%, U.S. Government Bonds are -13% and Bitcoin is -63%. Our ability to exit assets and return capital to investors demonstrates not only the resilience of this asset class, but Vint’s edge when it comes to sourcing and exiting assets. We are doubling down on distributions and view it as one of the most important things we can do to push our mission forward.
In Conclusion Our mission is to create a new financial asset class. One day, wine and spirits will be counted alongside stocks and bonds as a core portfolio asset. Vint will make this a reality.
Founded in 2019, Vint set out to financialize fine wine and spirits and create a new asset class. Vint received SEC qualification in 2021, thereby creating the first fully-transparent, efficient platform for wine, spirits, and futures investing. Vint offers expert-curated, thematic collections of fine wine and spirits to institutional, accredited, and non-accredited investors. Since inception, Vint has sold out all 46 collections. Vint has net annualized returns* of 28.3% for asset exits. Vint is backed by leading fintech investors Montage Ventures, MS&AD Ventures, Goat Rodeo Capital, Fintech Ventures & Slow Ventures. To learn more about Vint, visit Vint.co.
*“Net Annualized Returns (Realized)” is a reflection of the returns that Vint has generated on complete and partial collection exits. This return is a dollar-weighted aggregate average return from realized exits. The return on investment is annualized based on the date of official collection close, and the date of distributions to investors. Since inception, Vint has had six partial or complete asset exits. All sales are net of fees and expenses. Past price performance is no guarantee of future results.