1stdibs, a New York City-based online luxury marketplace for rare objects, has raised $42m in Series B round of funding.
The company intends to use the capital for international expansion, marketing and adoption of new technology.
In conjunction with the funding, Index Ventures General Partner Danny Rimer and Spark Capital General Partner Todd Dagres will join 1stdibs’ Board of Directors.
Founded in 2001 by Chairman Michael Bruno and led by CEO David Rosenblatt, Allis Ghim, VP Global Sales and Dealer Operations, Adam Karp, Chief Marketing Officer, Ross Paul, Chief Technology Officer, Richard Pham, Chief Financial Officer, Xiaodi Zhang, and Carmine Bruno, Managing Director of 1stdibs UK, the company provides affluent users with an online marketplace to find antiques, design, estate jewelry, vintage couture, fine art and luxury properties.
All the items for sale are sold through an exclusive network of 1,700 dealers.
The company, which also has an office in the United Kingdom, plans to unveil an innovative redesign of the site that will enhance the buying experience.