Tuesday, May 25, 2010, 5:22 pm
IBG gets $7 million funding round
By Jeff Quackenbush, Business Journal Staff Reporter
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.
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