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?
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