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Oh You Fancy Huh?

Oh You Fancy Huh?

World’s Biggest Fashion Brands Invest $10 M. in The Fancy at $100 M. Valuation

Gucci on The Fancy

When we first wrote about Joe Einhorn’s company, thingd, it was mostly flying below the radar, and surprised the blogosphere with its all star cast of investors and board members. This week, Betabeat has learned, Mr. Einhorn will be surprising the NY tech scene a second time. The Fancy, one of the consumer facing projects under the thingd umbrella, has secured a $10 million round of financing at a valuation north of $100 million.

Interestingly, the big bucks don’t come from a typical venture investor, but from a new lead investor PPR, the $16 billion French multi-national run by Francois Henri-Pinault, which owns the globe’s biggest fashion brands, including Gucci, Bottega Veneta, Yves Saint Laurent and Balenciaga. PPR has earned a reputation for its smart, aggressive acquisition strategy and saw its stock jump after an impressive third quarter, but is little known in the tech world. Read More

Oh You Fancy Huh?

Lot18 Closes Hefty Series C; $30 Million for the Club of Fancy Things

Members only.

Lot18, the New York-based, members-only deal site for oenophiles and foodies, announced a $30 million round of funding this morning, about double what was raised in its seed, A, B and B-angel rounds. Accel Partners lead the round, which included existing investors New Enterprise Associates and FirstMark Capital. “The funds will support continued growth, as well as further technological and product development, particularly the expansion of Lot18 Gourmet and Experiences, the company’s food and travel verticals, respectively,” according to a news release. Read More

Oh You Fancy Huh?

A Data Nerd’s Guide to the Spending Habits at Fancy New York Restaurants

via Reuters

In Grub Street column out today, Felix Salmon takes an infographic approach to what people actual throw down for fine dinning in New York City. But the finance writer goes into even more detail over at his Reuters blog.

Using data from a new Made in NYC startup called Bundle, which shows “how people spend and save money,” as well as Zagats, Mr. Salmon displays the mean cost of a restaurant meal (the blue line) as well as the median cost of a meal (the red line).  The data is broken down for some of the city’s ritziest spots, such as Per Se, Megu, Daniel, Babbo, and Mr. Chow. Read More