Auctionata, a Berlin, Germany-based online auction platform, raised $45m (€42m) in Series C funding.
The round was led by MCI Management with participation from Hearst Ventures, Kreos Capital, Yuan Capital, Earlybird, e.ventures, Kite Ventures, Raffay Group, TA Ventures, Bright Capital, REN Invest and Holtzbrinck Ventures.
The company intends to use the funds to to further grow leading auction categories like Watches, Classic Cars, Wine, Jewelry, Design, Contemporary Art, Fine Art, Antiques and Asian Art, to prepare the launch of new categories such as Musical Instruments and Memorabilia, Architectural and Garden, Diamonds and Luxury Real Estate, as well as to further develop the livestream auction format and to grow the global seller and buyer base in general.
Co-founded by CEO Alexander Zacke and CTO Georg Untersalmberger, Auctionata provides an auction platform for art, antiques and luxury collectibles via live stream broadcasts from Berlin and New York. The company also offers traditional auction house services including valuation, authentication, curation and authenticity guarantee.
Auctionata currently operates globally with full-service locations in Berlin and New York, as well as offices in London, Zurich, Rome and Madrid. It recorded total net sales of €31.5m in 2014, and €12.5m in the first quarter of 2015.
01/05/2014: Auctionata Raises €21.5M in Series B Funding
02/04/2013: Auctionata Raises $20.2M in Funding
03/12/2012: Auctionata Raises $2.5M from Bright Capital Digital