Lot18, a New York City-basedĀ invitation-only site that provides access to rare wines and artisanal foods, has raised $30m in Series C equity funding.
The round was led by Accel Partners, with participation from New Enterprise Associates and FirstMark Capital.
The company intends to use the new funds for continued growth, as well as further technological and product development, particularly the expansion of its food and travel verticals.
Founded in 2010 by CEO Kevin Fortuna and Philip James, Lot18 provides its members with rare wines and artisanal foods, which are selected by its expert procurement team.Ā In less than a year since its launch, the company has grown from six to more than 80 employees over 500,000 members, and facilitated the sales of more than 500,000 bottles of wine.
In conjunction with the deal, Accelās Sameer Gandhi will join Lot18’s board.
FinSMEs
04/11/2011