Richmond wine investment startup Vint raises $1.7M

Richmond-based alternative investment platform Vint has raised a $1.7 million pre-seed round that co-founder Nick King said will be used to beef up its team.

The round closed last week and was led by Atlanta-based venture capital firm Fintech Ventures with participation from Slow Ventures, Cooley, Arrington Fund and Allied Venture Partners, among others, King said.

Vint, co-founded in 2019 by King and Patrick Sanders, is a wine and spirits investment platform with the goal to create an “investor-friendly” way for people to invest in fine wine and spirits. The startup launched its first collection, which centered around California wines, in May. King told Inno that collection sold out in less than an hour and brought in 80 investors with an average investment of $575.

King said the funds will be used to onboard more team members and expand marketing efforts. Vint is currently a six-person operation.

“I’m a big believer in getting great people on board who can really create outsized…

Read the full story from the Washington Business Journal.