Boxt, a female-founded, direct-to-consumer, membership-based subscription service winery, said it raised $9.35 million in equity and debt funding to drive the continued expansion of its luxury brand of fine wine offerings.
The round was led by Next Coast Ventures and joined by privately owned WX Brands, venture debt partner Silicon Valley Bank and multiple private individual investors.
“Sarah (Puil)was our Entrepreneur in Residence at Next Coast Ventures,” said Mike Smerklo, co-founder and managing director of Next Coast Ventures. “When she first brought the idea to me, my immediate reaction was, ‘No more new ideas. This is the one.’ Since that time it has been amazing to watch the team at BOXT take this vision and turn it into a rapidly growing business that provides an amazing customer experience each and every month”.