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Lot18
Lot18 curates, markets and retails fine wine online. Lot18 has offices in Mahopac, New York, New York, New York and Napa, California. Lot18 sells high-quality wines from around the globe. Lot18 also creates custom wines and brands, including Axiom, Mythmaker, Finial, Q8, Amukan, Loophole, and Neptune's Trident, among others. ==History== Lot18 was launched in October 2010 by Philip J. K. James, who previously founded Snooth, a wine information website, and Kevin Fortuna, the former CEO of Quigo, a search-engine marketing company that was acquired by AOL.〔(Lot18, Wine, And Next Gen Retail ). Business Insider, May 2011〕〔(The coolest NYC companies: wine start-up Lot18 ). TimeOut New York, June 2013〕〔(Lot18, the online sale site for epicurean delights, just popped the champagne ). The Next Web, November 2011.〕〔(Accel Leads $30M Round In Flash Sales Site For Wine And Gourmet Food Lot18 ). TechCrunch, November 2011.〕 Lot18 began as a flash sale website for wines, with a business model similar to that of Gilt Groupe.〔(5 Questions for Lot18 Co-Founder Philip James ). Huffington Post, June 2011〕〔(Lot18, the online sale site for epicurean delights, just popped the champagne ). The Next Web, November 2011.〕〔(Accel Leads $30M Round In Flash Sales Site For Wine And Gourmet Food Lot18 ). TechCrunch, November 2011.〕 The company initially focused on providing access to smaller, lesser-known wine producers. It later expanded its offerings to include large, well-known brands, as well as custom-produced wines. Lot18 secured its initial funding from "friends and family."〔(The coolest NYC companies: wine start-up Lot18 ). TimeOut New York, June 2013〕 In November 2010, Lot18 raised $3 million in its Series A round of funding from venture capital firm FirstMark Capital.〔(Lot18, Wine, And Next Gen Retail ). Business Insider, May 2011〕 In May 2011, venture capital firm New Enterprise Associates led a Series B $10 million round of funding, with participation from FirstMark Capital.〔(6-Month-Old Startup Lot18 Closes $10 Million Series B Round ). Business Insider, May 2011.〕〔(NEA Ventures Leads $10 Mln Funding Round for Lot18 ). PE Hub, May 2011.〕〔(Lot18, the online sale site for epicurean delights, just popped the champagne ). The Next Web, November 2011.〕 In November 2011, venture capital firm Accel Partners led the Series C funding of $30 million, with participation from New Enterprise Associates and FirstMark Capital.〔(The coolest NYC companies: wine start-up Lot18 ). TimeOut New York, June 2013〕〔(Lot18, Wine, And Next Gen Retail ). Business Insider, May 2011〕〔(Accel Leads $30M Round In Flash Sales Site For Wine And Gourmet Food Lot18 ). TechCrunch, November 2011.〕〔(Accel Leads $30M Round In Flash Sales Site For Wine And Gourmet Food Lot18 ). TechCrunch, November 2011.〕〔(Lot18 Closes A Whopping $30 Million Series C Round From Accel Partners ). Business Insider, November 2011.〕〔(Lot18 Closes$30M Series C ). PE Hub, November 2011.〕〔(Exclusive: Lot18 Closes Third Round in a Year, This Time for $30 Million ). All Things D, November 2011.〕
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