Permira leads €150m round for Catawiki

Harriet Matthews
07 December 2020

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Permira has led a €150m funding round for Netherlands-based online auction platform Catawiki.

Previous investor Accel also participated in the funding round.

Existing backer Project A Ventures remains invested in the company.

Permira has invested via Permira Growth Opportunities, which held a final close in June 2019 on $1.7bn. The fund makes minority investments in high-growth businesses.

Catawiki intends to use the fresh capital to invest in its technology and marketing, as well as to hire more staff.

The deal will provide liquidity for a number of early investors and employees, according to a statement.

The round values Catawiki at approximately €500m, according to a report from the Financial Times.

Previous funding
In April 2014, Accel led a €10m series-B financing round, joined by Project A and business angels Arthur Kosten and Willem Sijthoff.

In April 2015, Lead Edge Capital led a $82m series-C round Catawiki. Existing investors Accel and Project A Ventures also participated, alongside a number of business angels.

Company
Founded in 2008 and based in Amsterdam, Catawiki is an online marketplace that allows users to buy and sell collectible objects via auctions, including art, jewellery, watches and classic cars. The company employs experts to select and review the projects it sells. Catawiki reported revenues of €56.4m in 2019, alongside an EBITDA loss of €4.6m. It employs 240 people.

People
Permira – Dipan Patel (partner, head of consumer).
Catawiki – Ravi Vora (CEO).
Accel – Martin Gibson (partner).

Advisers
Vendor – Arma Partners (corporate finance).
Equity – JP Morgan (legal).