Lot18 Secures $10,000,000 Series B Financing Round

  • Feed Type
  • Date
    5/3/2011
  • Company Name
    Lot18
  • Mailing Address
    6 E. 32nd St. Sixth Floor New York, NY 10016
  • Company Description
    Lot18 is a membership by invitation website for wine and epicurean products from coveted producers at attractive discounts.
  • Website
    http://www.lot18.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Funds will support the formation of new products and help grow the team as Lot18 expands to meet escalating demand.
  • M&A Terms
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    FirstMark Capital

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  • Brian

    This is good to see. I have been impressed by the Lot18 brand and focus on quality of their offerings. There have been a lot of win offerings that I would not otherwise have been inclined to try. I am also glad to hear they are making what sounds like further long-term investments, including those in their technology and infrastructure. There have been minor issues I have experienced that may be attributed to their rapid growth, but their customer service has been pretty responsive. If you have not had a chance to sign up and check it out, here is a referral invite link: http://www.lot18.com/i/FREEinvite
    Enjoy!
    Brian