Catawiki, an Amsterdam based online auction and catalogue platform for design, art, jewellery, classic cars, collectibles etc. raised €150 million funding on 7th December 2020.
The funding round was led by Permira with its Growth Opportunities Fund. Accel, the existing investor of Catawiki also participated in the round. The company aims at investing the funds for growing their user base by investing in marketing and technology and employing more experts across Europe. The funding will also provide liquidity for the employees and early investors. The funding transaction is in subject to the customary conditions and will be closed in the coming months. For this transaction Arma Partners acted as a financial advisor to Catawiki and JP Morgan for the Permira.
The CEO of Catawiki Ravi Vora said, “We have the mission of becoming the most popular platform for special objects in the world starting with Europe. This investment is confirmation that we are active on our mission. This is also a strong recognition that our team got for its hard work. I am very happy to welcome Permira as our new investors. Their knowledge and expertise will be helpful and invaluable for us as we will expand in new markets.”
Catawiki is the most visited marketplace for the auction of special objects in Europe. The platform holds auctions for around 65,000 special items every week around the globe in 80 plus categories like design jewellery, watch which attract around 10 million users every month.
The Catawiki team has around 500 dedicated employees across Europe that serve their customers globally. It ensures a safe hassle-free buying experience for the customers through its protected platform. Since its establishment it has evolved into a renowned large and safe online marketplace which is successfully operating in 45 different markets. The company generated the gross merchandise value of around €350 million in 2019 with 25 percent of year on year growth.
About Catawiki
Catawiki is an online marketplace founded in 2008 by René Schoenmakers and Marco Jansen. Founded with the vision of making hard to find and special objects easily accessible it is growing big in the direction. With its offices across Europe, it is a fast growing, open and dynamic organization. It is the first Benelux enterprise that received investment from the renowned investors Lead Edge Capital and Accel Partners which were also the first VC investors in companies like Dropbox, Spotify, Facebook and Alibaba.
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