Berlin, 8.12.2020. Online auction platform Catawiki raises € 150 million in a new growth funding round led by Permira and Accel. Project A is a continuous supporter of Catawiki’s journey to become the leading curated online marketplace for special objects, having invested early on in 2014.
Catawiki is conducting online auctions of 65.000 special objects every week in 22 categories, with buyers from over 50 countries. More than 240 in-house curators help guarantee a wide range of high quality special items and collectables, and ensure that all objects are screened with care in advance.
Uwe Horstmann, General Partner at Project A, says: “Profitable while growing fast to close to 500m EUR GMV, made possible by technology-enabled curation of objects, acquisition of customers and very strong retention: We've only just seen the beginning for Catawiki in Europe and beyond.” Since the first investment in Catawiki in 2014, Project A has also been supporting the online auction platform on an operational level – mainly regarding customer acquisition and retention.
Founded in 2008 in the Netherlands, Catawiki is the most-visited curated marketplace in Europe for collectables, art, design, jewellery, watches, classic cars and more. Through its protected marketplace, users are assured of an exciting, safe and hassle-free buying experience. Headquartered in Amsterdam, Catawiki has close to 650 passionate employees working across its European offices serving customers around the world. It has 10 million unique monthly visitors and is now a large, fast-growing business with healthy profit margins.