Online wine marketplace Winery Philippines raises fresh funds

Photo from Winery Philippines' website

Online wine marketplace startup Winery Philippines has raised an undisclosed amount in a new round of financing that it will use to boost its sales and marketing efforts and grow its customer and vendor base in the country.

In a statement on Tuesday, Winery Philippines said, the second round of funding, which was backed by a consortium of high-net-worth private investors, gives the company a seven-digit USD valuation, tripling its value a year after its initial funding round.

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