Existing investors commit further €21.5m to Auctionata

The company plans to increase its activities worldwide and, from November, to broadcast auctions live from New York.

Auctionata's Q1 2014 turnover reached €4.6m – a 550% increase over the same period last year.

Previous funding
In April 2012, e.ventures and Holtzbrinck took part in the company's first round of funding, said to be in the region of $20m. Russian VC Bright Capital's digital arm invested approximately $2.5m in December 2012, followed by a similar investment from Earlybird in April 2013. Including the B-round, Auctionata has received €37m in financing so far.

Company
Headquartered in Berlin, Auctionata is an online live auction house for fine art, antiques and collectibles in Europe. The firm also offers free valuations both online and in person from its team of more than 250 experts. Live-streamed auctions are conducted several times per week where buyers can bid for items, while an online shop sells items at a fixed price.

Around 17 online live auctions have taken place so far this year, with an average 77% sales rate. Auctionata has 75,000 customers from more than 100 countries and the website receives 500,000 clicks per month.

Auctionata was founded by Alexander Zacke and Georg Untersalmberger in 2011 and its online shop went live at the beginning of September 2012. The business has more than 100 employees in its offices in Berlin and New York.

People
Christian Nagel is a partner at Earlybird. Alexander Zacke is the CEO of Auctionata.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Consumer
• Expansion
• Germany