What is Plum?
Plum is the world's first appliance designed to serve wine by the glass precisely as the winemaker intended. This innovative technology allows hotels to enhance their in-room offerings, providing guests with an exceptional wine experience. The company has forged partnerships with prominent hotel brands, including Four Seasons, St. Regis, Waldorf Astoria, Conrad, Sheraton, Westin, Auberge, Gemstone Collection, Woodside, and Rosewood flags, demonstrating its appeal and integration into luxury hospitality.
How much funding has Plum raised?
Plum has raised a total of $9.3M across 2 funding rounds:
Series A
$9M
Debt
$350K
Series A (2017): $9M with participation from Las Olas VC and Khosla Ventures Acquisition
Debt (2020): $350K led by PPP
Key Investors in Plum
Las Olas VC
Las Olas Venture Capital is a venture capital firm that focuses on backing founders who are developing AI and software applications aimed at modernizing outdated business workflows. They typically invest between $1.5 million and $3 million in seed-stage companies, with a preference for SaaS and vertical AI industries.
Khosla Ventures Acquisition
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
PPP
Public-Private Partnership
What's next for Plum?
The major enterprise-level funding context suggests Plum is in a scaling phase, likely focusing on expanding its market reach and further developing its technology. The recent strategic investment indicates a strong belief in Plum's business model and its potential for continued profitability and market penetration within the high-end hospitality industry. Future growth may involve deeper integration with hotel systems, broader adoption across different hotel tiers, and potentially new product development.
See full Plum company page
