SVG Ventures-THRIVE Platform Announces Strategic Partnership With E. & J. Gallo Winery
San Francisco, California (March 11, 2019) – SVG Ventures, a California-based venture and innovation firm, announced today its latest partnership with E. & J. Gallo Winery (Gallo), the world’s largest family-owned winery.
As an industry leader committed to innovation, Gallo will leverage the SVG Ventures-THRIVE AgTech brand to identify and accelerate disruptive technologies for the wine industry. A $35 billion industry in the U.S. with the size of the global market reaching $423 billion by 2023, wine represents a significant opportunity for disruptive tech startups. Despite growth and significant M&A activity led by Gallo,the industry faces challenges as consumer preferences around the world evolve and retail contexts are changing.
“We are very excited to partner with SVG Ventures-THRIVE Platform to advance innovation in the wine industry” said Greg Coleman, Vice President of Central Valley Grower Relations. He added, “we are continuously looking for new ways to drive efficiencies in our business and to keep up with growing demand and changing consumer preferences.”
“We are delighted to welcome Gallo as the latest partner to join our global agtech investment and innovation platform,” said John Hartnett, Founder & CEO of SVG Ventures-THRIVE. “Wine is an incredible opportunity for our startups and we look forward to tapping into the expertise of Gallo,” he added.
Leadership from E. & J. Gallo Winery will attend the THRIVE Innovation Summit in late March.
About E. & J. Gallo Winery
Founded by brothers Ernest and Julio Gallo in 1933 in Modesto, California, E. & J. Gallo Winery is the world’s largest family-owned winery and the acclaimed producer of award-winning wines and spirits featured in more than 110 countries around the globe. A pioneer in the art of grape growing, winemaking, sustainable practices, marketing and worldwide distribution, Gallo crafts and imports wines and spirits to suit a diverse range of tastes and occasions, from everyday offerings to boutique, luxury bottlings.
The Gallo portfolio is comprised of more than 100 unique brands, including Barefoot Cellars, Dark Horse, and Gallo Family Vineyards, as well as premium box wines The Naked Grape and Vin Vault. Premium offerings include Apothic, Carnivor, Chateau Souverain, Columbia Winery, Ecco Domani, Edna Valley Vineyard, J Vineyards & Winery, Louis M. Martini, MacMurray Estate Vineyards, Mirassou, Orin Swift, Talbott Vineyards, and William Hill Estate, along with highly acclaimed imports, such as Alamos, Brancaia, La Marca, Las Rocas, Martín Códax, Whitehaven, and LUX Wines, importers of Allegrini, Argiano, Jermann, Pieropan and Renato Ratti. Gallo Spirits offers New Amsterdam Vodka and Gin and E&J Brandy, in addition to imported Scotch whiskies from Whyte & Mackay, including The Dalmore, Jura Single Malt and John Barr Blended.
ABOUT SVG Ventures-THRIVE
Since 2011, Silicon Valley Global “SVG” has been building a global AgTech innovation platform that accelerates, invests, and works with entrepreneurs, investors, and Fortune 500 food, agriculture, and technology corporations. THRIVE’s mission is to solve key industry challenges, test technologies in the field and across the supply chain, and build partnerships across the ecosystem in order to shorten the time it takes to bring innovation to market. SVG Ventures is based in Silicon Valley, California.