The Netherlands-based online auction platform Catawiki has scored €150 million in growth funding in a round led by private equity firm Permira through its ‘Growth Opportunities Fund’.
Prior backer Accel also participated in the round – its partner Martin Gibson serves as chairman of Catawiki’s board – and it is said the financing comes with liquidity for a number of the Dutch scale-up’s early investors and employees.
Catawiki, which calls its platform a ‘curated online marketplace for special objects’ these days, was founded back in 2008 and now boasts over 10 million users. The company says it now employs more than 240 in-house experts who are specialised in collectables, art, design, jewellery, watches, classic cars and more, and that 65,000 special objects are put up for auction on its platform on a weekly basis.
Ravi Vora, CEO of Catawiki, said: “Our mission is to become the most popular destination for special objects across the globe, starting with Europe. This investment is the latest confirmation that we are delivering on this mission. It’s also a strong recognition of the hard work of our team.”