Wander + Ivy, an organic single-serve wine brand, announces another seven-figure round of funding. In addition to surpassing fundraising goals, Wander + Ivy recently released its newest wine, a French Sauvignon Blanc, and expanded wholesale distribution to New York and Wisconsin, bringing the total brand footprint to 15 states.
“Since founding the business, we’ve raised over $10 million. This is an extraordinary milestone for any founder; however, in an environment in which women still only receive about 3% of all venture funding, this is a particularly humbling accomplishment,” said Dana Spaulding, Founder + CEO of Wander + Ivy.
Wander + Ivy currently offers five varietals sourced from family-owned vineyards around the world that grow certified organic grapes. French Sauvignon Blanc is the newest in the lineup which includes a Spanish Red Blend, California Cabernet Sauvignon, French Rosé, and California Chardonnay.
This month, the brand will also launch its Single Varietal Sets, available both online (SRP:$34) and in stores. These chic 4-pack boxes–including the Rose, Chardonnay, Red Wine Blend, and Cabernet Sauvignon–are all made with wind energy, further supporting the brand’s sustainability efforts centered around organic production practices and reducing waste.
Looking ahead to 2024, a new multi-million-dollar custom bottling line will enable the female-founded company to increase efficiency and bottle new and innovative products (hint: bubbles are on the horizon). This latest round of funding will support the brand’s explosive growth, primarily in high impact marketing, production and innovation, and team expansion.