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Lot18 is a privately-held, venture capital backed internet company. Lot18 is headquartered in New York, New York. Lot18 specializes in online sales of wine, wine accessories and gourmet food. Lot18 was launched in 2010 by Lot18 founders Philip James, who founded major wine site Snooth.com. and entrepreneur Kevin Fortuna, who was formerly the CEO of Quigo.
| Company Tags: | VC Backed |
| Year Founded: | 2010 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | New York |
| State/Province: | New York |
| Country: | United States |
| Phone: | View |
| Website: | www.lot18.com |
| Founders: | Kevin Fortuna Philip James |
| Internet > E-Commerce > Online Beer, Wine & Liquor Retail |
| Internet > E-Commerce > Online Food & Grocery Retail |
| Internet > E-Commerce > Online Travel Arrangement Services |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
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$99 Single Company AccessInstant Full Site-Wide Access| Financial Notes: | |
| * | Lot18 fiscal year end: 12/31 |
| 1 | "Gross Revenue" (GAAP... read more. |
| 2 | 2 Lot18 layoffs... read more. |
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$99 Single Company AccessInstant Full Site-Wide AccessLot18 Bookings ($ MM): |
Lot18 Revenues ($ MM): |
Lot18 Total Employees: |
Lot18 Productivity (Revenue/Employee) ($): |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Dec. 2011 | Completed | View | View | Acquisition | View |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Nov. 2010 | View | A | Venture Capital | |
| Nov. 2010 | View | A | Venture Capital | |
| Details | Total Round A View | |||
| May. 2011 | View | B | Venture Capital | |
| May. 2011 | View | B | Angel / Individual | |
| May. 2011 | View | B | Angel / Individual | |
| May. 2011 | View | B | Venture Capital | |
| Details | Total Round B View | |||
| Nov. 2011 | View | C | Venture Capital | |
| Nov. 2011 | View | C | Venture Capital | |
| Nov. 2011 | View | C | Venture Capital | |
| Details | Total Round C View | |||
| Total of Funding Shown Above View | ||||
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$99 Single Company AccessInstant Full Site-Wide AccessLot18 Business Overview
Lot18 is a members-only flash deals site that specializes in high quality wines and wine-related products. The company was incorporated in 2010 and is based in New York, NY. Lot18 has since expanded to include wine and bar accessories, gourmet foods and even travel excursions, labeled as “experiences.” However, the company has since closed its food and travel verticals.
Lot18 Business Model
Lot 18 is a marketplace, so it does not own any inventory or warehouses. However, it relies on partnerships with wine makers to provide fine wines at attractive prices. Lot18 helps wine makers reach a national audience and build small brands. In exchange, wine makers allow Lot18 to offer their unique products at a discounted price.
The company mainly depends on the markup of wine sales to generate revenue. With its subscription model presented in January 2013, Lot18 has laid down a more predictable revenue stream instead of purely relying on single purchases.… Continue Reading →
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| Private Companies | 209,400 |
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| Private M&A Deals | 43,310 |
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