Worthy, a New York-based online marketplace for pre-owned luxury goods, raised $8m in a Series B funding.
The round was led by Carmel Ventures, a member of the Viola Group, with participation from existing investors Dr. Meir Barel, the founder of Star Ventures, and Eddy Shalev, a Worthy board member and the founder of Genesis Ventures. As part of the investment, Carmel’s co-founder, Shlomo Dovrat, joined Worthy’s board of directors.
The company, which previously raised over $8.5m, intends to use the funds to expand its marketplace presence across the U.S. as well as towards product innovation.
Founded in 2012 by Ben De-Kalo, CEO, Worthy is an on-line marketplace for selling and buying pre-owned luxury goods, such as diamond jewelry, colored stones and high-end timepieces. To date, the platform has processed thousands of items and powered over $90 million worth of estimated merchandise.
Also led by Peter C. Schneirla, president, Gil Gadot, COO, and Roy Albers, head of evaluations, the company employs 40 people and is planning to grow by 50 percent in the coming year. It has an R&D facility in Israel.