Hodinkee, a NYC-based brand for all things watches, closed its $40M Series B funding round.
The round was led by TCG, an affiliate of The Chernin Group, LLC, with participation from LVMH Luxury Ventures, True Ventures, Tony Fadell’s Future Shape, Tom Brady, GV and John Mayer.
The company will use the funds to further accelerate its retail/e-commerce capabilities and editorial product development.
Founded in 2008 by Benjamin Clymer and led by newly appointed CEO Mr. Toby Bateman, Hodinkee has grown from a blog writing about mechanical timepieces into a media and commerce company operating a website, podcast, magazine, social media, a shop, and an insurance.
Mr. Bateman is an executive and the former Managing Director of Mr. Porter, a luxury men’s e-commerce site. He will assume his new role effective December 1, 2020. Founder and current CEO Benjamin Clymer will be stepping into the role of Executive Chairman.
As CEO, Mr. Bateman will guide the company as it expands its editorial, product, and service offerings benefiting the devoted watch community.