Watches specialist Hodinkee has recently received a substantial $40 million in funding to further bolster its presence in the luxury watch industry. The company has also announced the appointment of Toby Bateman, the former Managing Director of Mr Porter, as its new CEO. The funding round, led by TCG, attracted investments from influential players such as LVMH Luxury Ventures, Future Shape, Super Bowl Champion Tom Brady, GV, and musician John Mayer.

Originally founded in 2008 by Benjamin Clymer as a blog focused on mechanical timepieces, Hodinkee has since blossomed into a media and commerce company. With the addition of Toby Bateman as CEO, the company aims to expand its editorial, product, and service offerings, catering specifically to the dedicated watch community. Known for his expertise in e-commerce, Bateman understands the value of content, product knowledge, efficient service, and fostering a strong sense of community.

In addition to the appointment of Toby Bateman, Hodinkee has also welcomed Tony Fadell, one of the key investors from the funding round, to its board. Fadell boasts an impressive background, having played instrumental roles in the development of revolutionary Apple products such as the iPod and iPhone. He also founded Nest Labs, a company that was ultimately acquired by Google.

With the newfound funding, Hodinkee plans to introduce innovative products that delve into the intriguing stories and nuances of the watch industry. This expansion will also include a broader range of service-oriented articles. Additionally, the company will further expand its offerings in both vintage and modern watches, continue releasing exclusive Hodinkee Limited Edition watches and products, and develop services tailored specifically for the watch community.

Jesse Jacobs, Co-Founder and Partner at TCG, described Hodinkee as a “rare” business due to its exceptional combination of a strong brand, top-quality editorial content, a passionate and devoted audience, and a thriving commerce business. The substantial funding injection, alongside the appointment of Toby Bateman as CEO, now positions Hodinkee for continued growth and success within the luxury watch industry.

Useful Links:
Hodinkee Official Website
LVMH Luxury Ventures Official Website