Milwaukee-based wine company Bright Cellars has secured $8.5 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 7 and financed by CSA Partners, LLC.
According to its Crunchbase profile, "Bright Cellars is the monthly wine club that matches you with wine that you'll love. The company has a passion for wine, and its goal is to help members discover the fantastic world of wine. Wine is one of the world's oldest beverages and the company deeply respects its tradition."
The five-year-old company has raised six previous funding rounds, including a $2.8 million round in 2018.
Over the past year, five Milwaukee-based community and lifestyle companies have secured venture funding, totaling $13 million in new investment to the local industry.
In other local funding news, saas and software company ARI Network Services announced a private equity funding round on March 4, financed by TA Associates.
According to Crunchbase, "ARI Network Services, Inc. ('ARI' or the 'Company') is a leader in creating, marketing, and supporting software, software as a service ('SaaS') and data as a service ('DaaS') solutions that enhance revenue and reduce costs for our customers. Our innovative, technology enabled solutions connect the community of consumers, dealers, distributors, and manufacturers to help our customers efficiently service and sell more whole goods, parts, garments, and accessories ('PG&A') worldwide in selected vertical markets that include automotive tire and wheel, power sports, outdoor power equipment, marine, and white goods. We estimate that more than 22,000 equipment dealers, 140 manufacturers, and 195 distributors worldwide leverage our technology to drive revenue, gain efficiencies and increase customer satisfaction"
The company also raised a $4.8 million round in 2013.
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