Le Petit Ballon investment from Wonderbox

Online wine vendor by subscription raises first-round financing from Wonderbox

Venture capital 2014, October

E-commerce & retail

“Until now we were focused on our business and preferred to grow organically rather than bring in an outside investor. But we have reached a new stage in our development and are now open to the idea of new opportunities in related markets, so that we can keep an eye on new trends, innovate and find commercial partners.”

Fabrice Lépine - CEO of Wonderbox

Le Petit Ballon, the pioneer in selling wine online by subscription, has announced receiving funding of 1 million euros from Wonderbox to enable it to expand its business in Europe.

Founded in 2011 by Martin Ohannessian, Matthieu Lesne and Jean-Michel Deluc (former head wine waiter at the Ritz), Le Petit Ballon pioneered the sale of wine online by subscription in France. In less than three years, the company has gained over 10,000 customers. Thanks to its unique savoir faire, Le Petit Ballon has seen its revenue grow over the past few years at an annual rate of over 200%, which is the fastest sales growth in the wine market.

To support its rapid development, Le Petit Ballon was looking for a first-class investor.

This deal will enable management to accelerate its international expansion strategy and expand distribution.