Evino Funding, Investors & Competitors

Evino has raised $136M across 3 funding rounds, most recently a $131M undisclosed-stage round in March 2022.

See full Evino profile

Last Evino funding round

$131M

Undisclosed stage · Mar 2022

Cumulative funding Evino raised

$136M

across 3 funding rounds

Key investors in Evino

  • Project A Ventures
  • Vinci Capital Partners III
  • XP Private
  • JCR Group

Evino Overview

About Evino

Evino is an online wine retailer and subscription service in Brazil. Sao Paulo-based Evino, founded in 2013, curates weekly selections of premium wines from regions like Bordeaux, Tuscany, and Mendoza with direct-to-consumer delivery. The Evino Club provides monthly boxes tailored to member preferences.


Founded

2013

HQ

BrazilSão Paulo

Status

Privately held

Customer focus

B2C

Revenue model

Product sales, Subscription

Evino Funding History

Evino has raised a total of $136M across 3 funding rounds.

Evino's first fundraising round was a $3M seed round in June 2013. The most recent completed round was a $131M undisclosed-stage round in March 2022.

Evino funding rounds

Evino funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2022Undisclosed stageVinci Capital Partners III (lead); JCR Group; XP Private$131M-
Apr 2014Seed-$3M-
Jun 2013SeedProject A Ventures$3MEvino is an online shop for curated premium wines, operating an e-commerce platform specializing in making wine accessible and affordable with delivery to customers' doors. The company, founded in 2013 in São Paulo by Ari Gorenstein and Marcos Leal, received Seed VC funding listed around January 2013 from Project A Ventures. Evino has raised a total of $129M over 4 funding rounds, with later events including an unattributed round in March 2022 and an acquisition in September 2018.

Who has invested in Evino?

4 investors have backed Evino across its funding rounds, including Project A Ventures, Vinci Capital Partners III, XP Private and JCR Group.

Lead investors include Vinci Capital Partners III.


Evino Investors

Investors in Evino by funding rounds participated
InvestorHQRoundsRoleFirst check
JCR GroupBrazilCuritiba1ParticipantMar 2022
Vinci Capital Partners III--1LeadMar 2022

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Acquisitions by Evino

Evino has acquired 1 company to date.

Last acquisition by Evino was on October 29th 2021. Evino acquired Grand Cru for undisclosed valuation.


Latest Acquisitions by Evino

Grand Cru
Description
Grand Cru is a Brazilian chain of wine stores that imports and distributes premium labels from Europe, South America, and the United States. Headquartered in São Paulo, it operates over 20 locations nationwide, offering more than 1,500 SKUs including reds, whites, sparkling, and fortified wines. Grand Cru provides sommelier services, tasting events, and subscription clubs, serving both retail customers and hospitality clients like restaurants and hotels.
HQ CountryBrazil
HQ City
São Paulo
Deal Date29 Oct 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Evino Competitors

Evino competitors include listed companies like Alibaba Group, Carvana and Shein, and private ones like Licious, Misfits Market and Yijiupi.

Public and private companies comparable to Evino
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LiciousIndiaBangalorePrivate$45M-$2B-
Misfits MarketUnited StatesPortland, ORPrivate--$2B-
YijiupiChinaWuhuPrivate--$1.1B-
Alibaba GroupChinaChinaPublicly listed$153B$15B$266B1.6x
CarvanaUnited StatesUnited StatesPublicly listed$20B($110M)$72B2.9x
SheinChinaChinaPublicly listed$42B$2.3B$21B-

Evino Public Comps

Evino is still privately-owned, but its public comps include Amazon, Tencent, Coca-Cola, Alibaba Group, Nestlé, PepsiCo, AB InBev, Unilever, Pinduoduo and MercadoLibre.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amazon$717B$161B3.9x3.5x17.5x13.8x
Tencent$112B$51B4.5x4.2x9.9x9.9x
Coca-Cola$48B$18B8.5x8.3x22.8x24.1x
Alibaba Group$153B$15B1.7x1.6x17.5x13.0x
Nestlé$109B$19B2.9x2.8x16.2x14.4x
PepsiCo$94B$16B2.4x2.3x14.5x11.8x
AB InBev$59B$20B3.9x3.6x11.7x10.0x
Unilever$58B$12B2.9x2.8x13.6x12.4x

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Common questions about Evino

When was Evino founded?Evino was founded in 2013.
Where is Evino headquartered?Evino is headquartered in São Paulo, Brazil.
Is Evino publicly listed?No, Evino is a private, VC-backed company.
How much funding has Evino raised?Evino has raised $136M across 3 funding rounds.
What was Evino's last funding round?Evino's last funding round was a $131M undisclosed-stage round in March 2022, led by Vinci Capital Partners III.
Who are Evino's investors?Evino's investors include JCR Group, Vinci Capital Partners III, Project A Ventures and XP Private.
Which companies are comparable to Evino?Companies comparable to Evino include Licious, Misfits Market, Yijiupi, Alibaba Group, Carvana and Shein.
How many companies has Evino acquired?Evino has acquired 1 company, including Grand Cru.

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