Wine Owners hits USD 1bn milestone
Wine Owners started business in the global centre of Fine Wine, London, in 2013. The brainchild of Co-Founder and CEO Nick Martin and the result of brilliant software engineering from Co-Founder and CTO Wolter Visscher, the Wine Owners platform was created to organise and track the personal wine collections of sophisticated wine collectors and wine enthusiasts from around the world.
From its inception Nick and Wolter envisioned the platform as being capable of being ‘White Labelled’ by other players in the wine industry and developed it from the get go as a Software as a Service ( SaaS) platform to support client relationship management programs and add value to their wine services offerings. Its best-in-class collection management and analytical tools attracted consumers directly to https://www.wineowners.com, while it also has been adopted as a platform by 20 partner brands who have deployed the SaaS platform to enhance their storage, inventorying and collection management propositions, including Corney & Barrow, 67 Pall Mall, Oswalds and Western Carriers.
The company reached a major milestone this month – Nick Martin comments – “We are thrilled to announce that the platform has broken through the $1bn barrier of wine organised and tracked directly through our own brand and those of our market partners. Our goal is simply to bring as much value as possible to the lives of consumers with wine collections and those who have been bitten with the bug and are starting out.”
Wine Owners also operates an integrated peer to peer trading exchange, available in key jurisdictions, as a service to members that provides them with direct access to the secondary market at low rates of commission.
Platform users have accumulated collections worth on average $55,000, encompassing those people new to wine with a few dozen bottles up to multi-million dollar collections.
With recent partner additions and subscribers to the Wine Owners site, Wine Owners now has over $1bn of wine being tracked on the platform.
With a pipeline of new SaaS customers for the White Label Platform, and planned US expansion, Wine Owners looks forward to seeing this number grow substantially in the months ahead.