Total amount raised
$269.7 Millions
Latest funding date
12/01/2020
Location
Catawiki has successfully raised significant funding over multiple rounds, establishing itself as a prominent player in the online auction marketplace.
Keep reading to delve into the details of Catawiki's fundraising journey and the investors who support this unique platform.
What Is Catawiki?
Catawiki, founded in 2008, is an online marketplace that hosts weekly auctions for a wide variety of special objects. The company is based in the Netherlands and was founded by René Schoenmakers and Marco Jansen.
With a team of hundreds of in-house experts, Catawiki curates over 75,000 unique items each week, ranging from art and antiques to classic cars and jewelry. The platform has grown significantly since its inception, attracting a global audience of buyers and sellers.
Today, Catawiki employs over 500 people, making it a significant player in the online auction industry. The company's innovative approach and dedication to quality have set it apart in the competitive marketplace.
How Much Funding Has Catawiki Raised?
- Series A Round:
- Amount Raised: $1 million
- Date: Before December 2014
- Motivation Behind the Round: Initial funding to support the company's early growth and operations.
- Series B Round:
- Amount Raised: $12.8 million
- Date: December 2014
- Motivation Behind the Round: To support the company's rapid growth and expansion into new markets.
- Series C Round:
- Amount Raised: $82 million
- Date: July 29, 2015
- Lead Investors: Lead Edge Capital
- Motivation Behind the Round: To roll out new product features, expand into new markets faster than planned, and support global growth, including launching a Chinese-language version of the site.
Total Amount Raised: $95.8 million
Current Valuation: Not publicly disclosed
Key Investors
- Lead Edge Capital
- Details: Lead Edge Capital is a New York-based growth equity firm. Lorrie Norrington, a partner at Lead Edge Capital and former president of eBay Marketplaces, is joining Catawiki as an advisor.
- Investment Focus Areas: Technology, consumer services, software.
- Notable Investments: Alibaba, Spotify, Uber.
- Accel
- Details: Accel is a global venture capital firm that invests in companies from their early stages through growth phases. They have been involved in multiple funding rounds for Catawiki.
- Investment Focus Areas: Technology, internet, mobile.
- Notable Investments: Facebook, Dropbox, Slack.
- Project A Ventures
- Details: Project A Ventures is a Berlin-based venture capital firm. They focus on early-stage investments in technology-driven companies.
- Investment Focus Areas: Digital, software, technology.
- Notable Investments: WorldRemit, KRY, Trade Republic.
What's Next for Catawiki?
With the recent $82 million funding round, Catawiki is poised to expand its market presence globally, particularly in Asia and North America. The company plans to roll out new product features and launch a Chinese-language version of its site, tapping into a vast and growing market for collectibles.
Future fundraising opportunities seem promising as Catawiki continues to demonstrate growth and profitability. The company may attract additional investors and explore strategic partnerships or acquisitions to bolster its market position. However, challenges such as competition from other online auction platforms and ensuring the authenticity of auction items remain significant hurdles.
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