BarrelWise, a Vancouver, Canada-based startup that develops pragmatic technical solutions to enable winemakers around the world to make better wine, closed a CAD 3.1 million seed round led by Conexus Venture Capital through its Emmertech fund.
The financing, which consisted of all equity and primary capital, also received contributions from Ag Capital Canada and several undisclosed existing shareholders of BarrelWise.
BarrelWise intends to ramp up and support its FS1 product. The funding will also be allocated towards expanding BarrelWise’s team to bring on key sales, marketing, and technical personnel, as well as bolstering the startup’s production and customer support capabilities.
Sean O’Connor, managing director of Conexus and Emmertech, has joined BarrelWise’s board of directors.
Company: BarrelWise Technologies Limited
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Conexus Venture Capital
Additional Investors: Ag Capital Canada
Company Website: https://www.barrelwise.ca/
Software Category: Wine Barrel Management
About the Company: Founded in 2018 and led by Jason Sparrow (CEO), David Sommer (CTO), Miayan Yeremi (director of R&D), and Artem Bocharov (director of sales and marketing), BarrelWise Technologies Limited (BarrelWise) is a Vancouver-based company providing technology to enhance wine production and analysis. BarrelWise offers winemakers a tool for analyzing levels of SO2—a chemical that helps prevent oxidation and browning—in their wine barrels. The company’s flagship product, the FS1, allows wineries to take routine free SO2 measurements up to 15 times faster than traditional lab analysis, according to BarrelWise. The company’s products are used by North America's leading wine producers in British Columbia, California, and Washington. Some of BarrelWise’s clients include Andrew Peller, Frind Estate Winery, Arterra Wines Canada, and Mission Hill Family Estates.
BarrelWise is a member of the e@ubc Hatch accelerator, a graduate of the Creative Destruction Lab program, and has been featured on Ready to Rocket's 2021 Emerging Rockets list.