Auctionata, a Berlin, Germany-based online art auction platform, raised €21.5m in Series B funding.
Backers included existing investors Holtzbrinck Ventures, e.ventures and Earlybird.
The company, which has now raised €37m in total, intends to use the funds to expand globally.
Led by Alexander Zacke, CEO, Auctionata is an online platform for art, antiques, and collectibles (within the areas of Old Masters, modern and contemporary art, porcelain, silver, antiques, design, photography, jewelry, watches, wine, Islamic art, Asian art, textiles as well as books and manuscripts) bringing all the services of a traditional auction house to the internet. It leverages technology to broadcast live auctions in HD quality to computers, tablets and mobile devices and also has a global network of 250 experts to provide free valuation for art, antiques, collectibles and luxury vintage items.
A total of 17 online live auctions have already been conducted in 2014, with a total net turnover of €4.6m (US $6.4m).
Auctionata now has 75,000 customers from over 100 countries and 500,000 website visitors per month. It employs over 100 people in its offices in Berlin and New York.
FinSMEs
01/05/2014