1stdibs, a New York City-based online luxury marketplace, has raised funding from Benchmark Capital.
The company intends to use the capital to expand in the U.S. and abroad and to move into new product areas, including the luxury homes market.
The investment will also be used to make key hires to build out the executive team and other important functions of the business, in order to grow traffic and develop new tools for existing customers.
The company also appointed David Rosenblatt, former DoubleClick CEO, as CEO. In conjunction with the funding, Matt Cohler, Benchmark Capital General Partner, and Rosenblatt will join the company’s board of directors.
Founded in 2001 by Michael Bruno 1stdibs’ operates an online platform that offers a full range of luxury products, including high-end antiques, 20th century design, estate jewelry and vintage couture, featuring over 1,200 dealers.
FinSMEs
03/11/2011