Update: Vinfolio uncorks $4.5M more for fine wine & cellar management

[Updated: This story originally reported Vinfolio had raised $3M more in venture capital. Turns out, the financing also included $1.5 million in debt, so we've added below]

Vinfolio, a San Francisco start-up that sells fine wine and cellar management software and other services, has raised $3 million more in venture capital, plus $1.5 million in debt.

We’re expecting more details shortly. The investment follows the $1.6 million it raised from individuals last year, including board members Jean Michel Valette, of Robert Mondavi Winery and Colin Lind, managing partner at Blum Capital Partners.

The four-year-old company launched an e-commerce site last year.

[Update: Here's the announcement.

The company said the new funding comes mainly from eight new private investors.

The company says it has almost 40 full-time employees. It projects revenues to "triple" in 2007 over 2006.

William Timken, one of the founding partners and later Vice Chairman of technology investment banking firm Hambrecht & Quist, will also join the board.]

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Tags: deal