Bright Cellars - About the company
Bright Cellars is a series B company based in Boston (United States), founded in 2014 by Joe Laurendi and Richard Yau. It operates as an Online retailer offering wine on a subscription basis. Bright Cellars has raised $26.7M in funding from investors like CSA Partners, Cleveland Avenue and Revolution. The company has 26 active competitors, including 3 funded and 4 that have exited. Its top competitors include companies like Winc, Firstleaf and Tippsy.
Company Details
Online retailer offering wine on a subscription basis. The product catalog includes various flavours of wine such as apple, grape, and more. The company also provides wine recommendations based on the taste profile.
- Website
- brightcellars.com
Key Metrics
Founded Year
2014
Location
Boston, United States
Stage
Series B
Total Funding
$26.7M in 7 rounds
Latest Funding Round
Investors
Ranked
2nd among 26 active competitors
Employee Count
7 as on Apr 30, 2026
Legal entities associated with Bright Cellars
Bright Cellars is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
BRIGHT CELLARS INC CIN: 464408519 , United States, Active | Dec 31, 1999 | - | 5 (As on Dec 31, 2024) | - |
Bright Cellars Inc. CIN: 0001630276 , United States, Active | $1 - $1M (As on Aug 17, 2015) | - | - |
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Bright Cellars's funding and investors
Bright Cellars has raised a total funding of $26.7M over 7 rounds. Its first funding round was on Dec 31, 2014. Its latest funding round was a Series B round on Feb 2022 for $*****. 2 investors participated in its latest round. Bright Cellars has 12 institutional investors.
Here is the list of recent funding rounds of Bright Cellars:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 2022 | 3825777 | Series B | 6602475 | 1886111 | 3749275 | 2505100 |
Sep 02, 2021 | 5689379 | Series B | 6859405 | 6457553 | 3828433 | |
May 17, 2018 | 4104804 | Series A | 9000798 | 3189056 |
View details of Bright Cellars's funding rounds and investors
Bright Cellars' founders and board of directors
Founder? Claim ProfileThe founders of Bright Cellars are Joe Laurendi and Richard Yau.
Here are the details of Bright Cellars' key team members:
- Joe Laurendi: CTO & Co-Founder of Bright Cellars.
- Richard Yau: Co-Founder & CEO of Bright Cellars.
View details of Bright Cellars's Founder profiles and Board Members
Bright Cellars' employee count trend
Bright Cellars has 7 employees as of Apr 26. Here is Bright Cellars's employee count trend over the years:
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Bright Cellars's Competitors and alternates
Top competitors of Bright Cellars include Winc, Firstleaf and Tippsy. Here is the list of Top 10 competitors of Bright Cellars, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Winc 2011, Los Angeles (United States), Public | Online platform offering wine delivery services | $56.4M | 64/100 | |
2nd | Bright Cellars 2014, Boston (United States), Series B | Online retailer offering wine on a subscription basis | $26.7M | 52/100 | |
3rd | Firstleaf 2015, Napa (United States), Funding Raised | Wine club subscription service that delivers wines | - | 51/100 | |
4th | Tippsy 2017, Anaheim (United States), Series A | Online platform offering alcohol products | - | 47/100 | |
5th | Splash Wines 2014, Eagle (United States), Acquired | Online wine retailer offering curated cases and build-your-own options | $1.22M | - | 35/100 |
6th | Glassful 2013, New York City (United States), Acqui-Hired | Wine subscription | $1.75M | 34/100 | |
7th | Tasting Room 2009, New York City (United States), Acquired | Award-winning wine club delivering curated selections with satisfaction guaranteed | $5.85M | 31/100 | |
8th | Dry Farm Wines 2015, Napa (United States), Unfunded | Curated artisan wines: organic, sugar-free, low alcohol, European heritage | - | - | 29/100 |
9th | The Epicurean Trader 2014, San Francisco (United States), Unfunded | Online retailer offering subscription based alcoholic products | - | - | 28/100 |
10th | Tourist 2016, San Francisco (United States), Unfunded | Brand of wines | - | - | 28/100 |
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Bright Cellars's Investments and acquisitions
Bright Cellars has made no investments or acquisitions yet.
Reports related to Bright Cellars
Here is the latest report on Bright Cellars's sector:
News related to Bright Cellars
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Full Glass Wine acquires DTC wine subscription brand Bright CellarsModern Retail•Apr 04, 2024•Full Glass Wine, Bright Cellars
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Bright Cellars Appoints Catherine Fallis as First Master SommelierPR Newswire•Dec 07, 2022•Bright Cellars
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