Hodinkee, a well-known authority in the world of watches, has recently captured attention with an impressive $40 million funding round and the appointment of Toby Bateman, former Managing Director of Mr. Porter, as its new CEO. This New York City-based company has successfully secured investments from prominent backers such as LVMH Luxury Ventures, Future Shape, and even NFL star Tom Brady. The infusion of capital is intended to bolster Hodinkee’s retail and e-commerce initiatives, as well as to advance its editorial offerings.
Founded in 2008 by Benjamin Clymer, Hodinkee has transformed from a simple watch blog into a multifaceted media and commerce enterprise. Bateman’s arrival as CEO signifies a significant milestone for the company, underscoring its dedication to delivering top-notch content and services to watch enthusiasts. Armed with Bateman’s vast e-commerce expertise and forward-thinking business strategies, Hodinkee is poised for substantial growth in the high-end market.
Alongside the appointment of Toby Bateman as CEO, Hodinkee has added Tony Fadell, the primary investor in the recent funding round, to its board of directors. Fadell’s impressive background, which includes stints at Apple and the founding of Nest Labs, brings a wealth of knowledge and skill to Hodinkee.
With the newly injected funding, Hodinkee aims to roll out innovative products that delve deeper into the intricacies of the watch industry, while expanding its service offerings for watch connoisseurs. The company plans to broaden its range of vintage and contemporary timepieces, release limited edition watches and products, and introduce new services tailored to its devoted watch community.
Jesse Jacobs, Co-Founder and Partner at TCG, lauds Hodinkee as a distinctive entity that seamlessly combines top-tier editorial content, audience engagement, and a thriving e-commerce platform. With Toby Bateman at the helm and the guidance of its new board members, Hodinkee is well-positioned to solidify its position as a frontrunner in the luxury watch market.
For more information about Hodinkee and its latest developments, visit their official website here and explore their range of watch products.
