NAPA -- IBG, formerly Inertia Beverage Group, closed a $7 million round of additional funding to support soon-to-be launched enhancements to its wine direct-shipping services to consumers and trade accounts.
The funding includes some current backers of the company, but spokesman Tom Wark declined to elaborate.
IBG received $14 million late last year connected to the acquisition of Napa-based wine order fulfillment powerhouse New Vine's assets at auction in July for $4.5 million.
