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Red Blends Popular; Lot18 Gets $30 Million

December 2011
 
by Jim Gordon
 
wines & vines wine industry data center flash report
 
So far this year red blends lead the pack in number of offers by the nine top flash sites monitored by WinesVinesDATA. Cabernet Sauvignon leads in bottle price. In the graphs below, we show the varietals/types by both measures of popularity. Domestic and imported wines were both included, so red blends include everything from red Bordeaux to Cotes du Rhone to super Tuscans to California Meritage. In other flash site news, fast-growing Lot18 announced $30 million in Series C funding led by Accel Partners and that Accel’s Sameer Gandhi will join Lot18’s board of directors. The company reported that in one year it had sold more than 500,000 bottles of wine and is selling more than $1 million per month.
 

 
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Wine Industry Metrics
 
Off-Premise Sales » Month   12 Months  
March 2015 $622 million
7%
$7,995 million
5%
March 2014 $582 million $7,588 million
     
Direct-to-Consumer Shipments » Month   12 Months  
March 2015 $252 million
19%
$1,863 million
14%
March 2014 $213 million $1,634 million
     
Winery Job Index » Month   12 Months  
March 2015 356
22%
243
16%
March 2014 292 210
     
 
MORE » Released on 04.15.2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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