Lot18, established by Kevin Fortuna and Philip James, has closed a Series C funding worth $30 million led by global venture capital firm Accel Partners. This round of financing has also received contributions from the New York–based firm’s existing investors, FirstMark Capital and New Enterprise Associates.
The new funds will help the company maintain growth, technological and product development, particularly the expansion of Lot18’s food and travel units – Gourmet and Experiences. This funding follows a $3 million Series A round raised in November 2010 and a $10 million Series B funding raised in May. Lot18 is a membership by invitation website for wine and epicurean products and exclusive dinners at restaurants at attractive discounts.
Click here for the release from Marketwire.