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Crushpad

crushpadwine.com

Founded Year

2004

Stage

Asset Sale | AssetsPurchased

Total Raised

$2.7M

About Crushpad

Crushpad is a custom luxury winemaking service where wine enthusiasts, restaurateurs, wine retailers and small-scale winemakers can craft small lot wines of 25 to a few hundred cases per year. With locations in Sonoma, Napa Valley and Bordeaux, Crushpad sources fruit from select vineyards in California and Bordeaux and provides winemakers, advanced facilities, technology, bottling and label design to fashion world-class wines.

Headquarters Location

1890 Bryant Suite 102

Napa, California, 94110,

United States

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Expert Collections containing Crushpad

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Crushpad is included in 1 Expert Collection, including Alcohol Tech.

A

Alcohol Tech

1,386 items

Tech-enabled companies focused on the production, distribution, and consumption of wine. This collection includes companies such as e-commerce platforms, mobile apps, connected objects, and hardware, among others.

Latest Crushpad News

Inside Scoop SF By Paolo Lucchesi on August 9, 2012 at 3:12 PM Crushpad. Crushpad assets sold, new promises made: ‘We will leverage the lessons learned by our predecessors’ - Inside Scoop SF

Jul 30, 2018

Photo: The Chronicle This week, financially troubled Crushpad auctioned off its assets . In the end, the Sonoma-based custom winery had just one bidder, Tiburon-based CastleGate, which bought the Crushpad assets for $654,866. CastleGate created two new companies, Structural Solutions Inc. and Aspect 2 LLC, and as the Press Democrat reports , “the sale figure is equal to the amount of Crushpad’s debt that CastleGate Partners had acquired when it assumed the company’s debt to Silicon Valley Bank.” After the deal, former Crushpad vice president Steve Ryan sent this letter to members, attempting to explain what exactly is going on over there, and more importantly, what it means for the Crushpad members (who aren’t very happy) and their 2011 in-barrel and coming 2012 vintages. The first order of business is to pay off debts to Groskopf, the warehouse where the wines are stored, which was problematic: Yesterday morning, the assets of Crushpad, Inc. were sold to Structured Solutions, Inc and Aspect2, LLC, two affiliated firms of CastleGate Capital Advisors, LLC. Over the coming weeks, the principals of CastleGate and the employees of Structured Solutions will work to resolve a very complicated situation involving multiple legal entities, several creditors holding lien rights, and numerous sophisticated and, justifiably upset customers who are concerned about the wine they have in barrel, bottle or have order for the 2012 vintage. I am very happy to work alongside Patrick Saboe, and several other former employees of Crushpad. Together, we are building a new company focused on renewing the concept of making great wine for those without a winery of their own, or wishing to build a brand commercially. To do this, we will leverage the lessons learned by our predecessors. Today we face a number of challenges in resurrecting the company and rebuilding your trust — To begin with, here are the basic facts of where we stand today. The services provided by Aspect Wines, LLC (Aspect) will continue. Castlegate is funding operations of the new business and the first task will be to pay all Groskopf past due amounts so that their lien on all bottled wine will be vacated and normal operations will be resumed within 48 hours. Aspect will continue to provide the licensing, compliance, sales and logistics services that many of you value. We are working with compliance professionals and are negotiating with vendors to ensure that the services you value will be uninterrupted and that product sales continue. Any Aspect member that wishes to remove their bottles from Groskopf will be able to do so if they so choose after they bring their account current and pay all CARL and incidental removal fees. For those of you with wine in barrel, we would like to finish and bottle the wine for you. There will be a cost to finish the wine and we are more than happy to discuss this with you. The pricing model for the services provided by Aspect will need to change in order for the new company to be sustainable and provide the same service offering. Over the coming weeks, we will be evaluating the Company’s services, technology and pricing which will be presented to the Members. Finally, we have partnered with a well known and reputable local custom crush facility and are working hard to secure the fruit and other services required to offer you a 2012 vintage. As our team is brought up to speed we will reach out again with the appropriate contacts for you to work with considering the stage of your wine. Again, thank you very much for your patience. Paolo Lucchesi

Crushpad Frequently Asked Questions (FAQ)

  • When was Crushpad founded?

    Crushpad was founded in 2004.

  • Where is Crushpad's headquarters?

    Crushpad's headquarters is located at 1890 Bryant, Napa.

  • What is Crushpad's latest funding round?

    Crushpad's latest funding round is Asset Sale.

  • How much did Crushpad raise?

    Crushpad raised a total of $2.7M.

  • Who are the investors of Crushpad?

    Investors of Crushpad include CastleGate and Foley Family Wines.

  • Who are Crushpad's competitors?

    Competitors of Crushpad include ProVina.

Compare Crushpad to Competitors

P
ProVina

ProVina is the developer of the WinePod, a tool for small lot artisan winemaking.

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