PLUM

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lovc
Category
Fund 1, Vertical Applications
About This Project

Our Portfolio Companies

David Koretz

CEO & Founder

Highlights

  • Date of First Investment:
    June 2017
  • Series A
  • Portfolio: Fund 1
  • Theme: Vertical Applications
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Background

Plum is the first smart by-the-glass wine dispenser for in-home and luxury hotels. Plum automatically identifies, chills, preserves, and serves any two bottles of wine – one glass at a time.

LOVC was introduced to Plum founder and CEO David Koretz through a local event in 2017. David had moved to FL from Silicon Valley after selling his previous company to Juniper Networks for $90M. While Plum was backed by Khosla Ventures and other Silicon Valley investors, David saw the value in having a local partner with deep operating experience and asked LOVC to participate in his Series A round, and in 2018 we had the opportunity to lead their Series B as well.

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Why we love Plum

The Plum machine completely revitalizes the in-room wine experience for its hotel customers. Not only is the guest experience vastly superior to any other offering, the hotels are able to recognize huge gains in in-room alcohol sales compared to traditional mini-bar and room service. Plus the product is great for any wine connoisseur looking to enjoy their collection one glass at a time!

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