Obvious Wines

Obvious Wines

Sustainable, Vegan, Estate-Grown Wine

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Security Type
Membership Units
Categories
Alcohol
Min Investment
$500
Location
Venice, CA
Offering Date
March 16, 2021
Expected Close Date
September 15, 2022
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Unit: $1.81

Valuation
$11,000,000

Company Description

Obvious Wines simplifies wine through education and transparency. Built on the foundation of simplicity and sustainability - we aim to make it easier for you to enjoy wine, and its culture.

Key Deal Facts

Momentum and growth: over $1.3M revenues in 2020, representing a 34% growth from 2019. Online sales as a major growth opportunity: $200K in sales in 2020 with no marketing investments.
Traction and market fit: Featured on Shark Tank and strong local presence in key markets.
Offers "Obvious", transparent and informative labeling, highlighting origin, flavor, and tasting profile of all wines.

Management Team / Advisory Board Bios

Brice Baillie
Founder & CEO
Proven executive and entrepreneur Brice Baillie, Founder and CEO of Obvious Wines, is uniquely positioned to understand the growing need for product disruption in the Wine Industry. He’s spent his life immersed in wine culture and recognizes the need to bridge the gap between seasoned wine consumers and those entering the market.

L'Oréal, Head of Finance E-commerce & Retail, 10 years (Paris, NYC, LA).

PwC, Audit Supervisor, 3 years (Paris)

15 years experience in French wine (grew up in Champagne)

Investor/consultant/advisor for startups (Adore Me, Tripnco, Student Pop)

Co-founded Diffractions/Atelier Theatre NY (a theater company)

Russell Stoner
VP of Sales
Former Sales Manager at Chambers & Chambers (Fine Wine distributor)

13+ years in Wine & Food industry

Anne Stark
Sales Manager
10 years exp. Marketing (Euro RSCG, Christie’s)

Alexis Mauney
Sales Associate
Former Rep at Wine Warehouse

Jessica Stockwell
Sales Associate
Former Sales Rep at SGWS

Fernanda Vargas
Florida Brand Manager
Former Florida Manager at Le Grand Courtage

Deal Notes

Price per Unit: $1.81

Amount Raised : $224,711
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Valuation

Security Description

Membership Units represent ownership rights in a Limited Liability Company, indicated by the right to receive cash or unit distributions, declared by the Manager(s) of the LLC, and having voting rights in the governance of the Company.

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