Online Luxury Marketplace 1stdibs Raises $42M

[Techtaffy Newsdesk]

1stdibs,an online luxury marketplace for collectibles and art, have received a new investment of $42 million from Index Ventures and Spark Capital. Index Ventures general partner Danny Rimer and Spark Capital general partner Todd Dagres led the current Series B round investment and will join general partner Matt Cohler of Benchmark– which invested in both rounds of funding — on the 1stdibs board.

With $60 million raised late last year from Benchmark, and $42 million in the current round, 1stdibs has received a combined $102 million in total investment.

The gross merchandise volume of goods reported sold by 1stdibs dealers will exceed $650 million in 2012, up 30% from $500 million last year.  1,700 dealers are on the 1stdibs platform currently, up from 1,200 dealers one year ago. 3,000 objects are now catalogued each week. 9,000 unique items are sold each month, up from 7,000 per month reported at the beginning of this year.

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