(PRWEB) December 14, 2011
Lot18, the New York-based company that connects its members with exclusive, limited-time opportunities to purchase directly from wineries, gourmet-food producers and other providers of artisanal goods and experiences, has named Mark Pinney as its Chief Financial Officer. Previously, Pinney was Chief Operating Officer of Tremor Video, and also served as SVP of Business Planning at AOL. He has raised over $200 million in venture capital funding over the course of his career.
“Mark’s 20-plus years of finance and operations experience, coupled with his entrepreneurial savvy, will position Lot18 to continue growing rapidly,” said Lot18’s President and co-founder Philip James. “Mark understands the importance of data and analytics in powering a young company forward, so we’re very pleased to welcome him to the team.”
In addition, Lot18 has appointed Andrew Koch as VP of Product and Jane Kim as VP of Strategic Development. Koch was formerly VP of Marketing at Gilt City, and was a co-founder of TheLadders.com, a premium career-services platform that grew to more than 250 employees during his tenure. Kim was previously VP of Business Development at Hashable, which produces a relationship-management tool for mobile devices.
“Andrew and Jane bring a history of innovation and successful implementation. As we expand in the U.S. and abroad, Jane will devise many of our ambitious programs, while Andrew’s team will enhance and execute the vision,” said James. “They’ll be instrumental in accelerating revenue growth as we enter our second year, allowing us to serve more Lot18 members in more places.”
Lot18 recently acquired Paris-based Vinobest, marking the company’s first international expansion. Last month, Lot18 announced a $30 million Series C round of funding led by Accel Partners. In the year since its launch, Lot18 has raised $45 million in venture financing, and has grown from six to 90 employees and more than 600,000 members. The company has seen 13 consecutive months of growth in gross merchandise volume, and facilitated the sales of more than 700,000 bottles of wine to American consumers.
Lot18 was founded in 2010 by Kevin Fortuna and Philip James. Fortuna was formerly the CEO of Quigo, an advertising technology company that was sold to AOL Time Warner for $360 million in November 2007. James was the Founder and CEO of Snooth, the world’s largest wine website.
Lot18 connects its members with exclusive, limited-time opportunities to purchase directly from wineries, gourmet-food producers and other makers of artisanal goods. Each product or experience featured on Lot18 is individually evaluated for quality by Lot18’s team of experts. Lot18 is headquartered in New York. For more information or to request an invitation for membership, visit http://www.lot18.com.