Invaluable, a Boston, MA-based online live auction marketplace, raised $33.75m in Series D funding.
The round was led by Insight Venture Partners, with participation from existing investors Ascent Venture Partners and Commonwealth Capital Ventures. As part of the transaction, Bradley Twohig, principal at Insight Venture Partners, will join Invaluable’s board of directors.
The company intends to use the funds for technology innovation and team expansion, as well as additional strategic partnerships and acquisitions.
Founded in 1989 and led by CEO Rob Weisberg, Invaluable operates an online live auction marketplace, featuring a live online bidding platform that allows collectors and dealers to bid in real-time in premiere auctions held around the world.
The company provides auctioneers with marketing and e-commerce solutions across Invaluable and AuctionZip web properties, as well as access to RFC Systems, its auction management software.
Invaluable also has offices in Pennsylvania and the United Kingdom.
FinSMEs
03/06/2014