An 11-Year-Old Antiques Marketplace Has Raised $102 Million In The Past 12 Months

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Photo: Flickr / Keshet

Online antiques marketplace 1stdibs just landed a $42 million investment from Index Ventures, Spark Capital, and Benchmark.It’s the 11-year-old company’s second round of outside financing, after a $60 million round last November led by Benchmark.

As part of the funding, Index Ventures partner Danny Rimer and Spark Capital’s Todd Dagres will join the 1stdibs board of directors. 

1stdibs is essentially an eBay for antiques, fine art, and jewelry. So it’s not surprising that Benchmark, the firm that made a fortune when it bet early on eBay back in 1997, has participated in both rounds.

As Spencer E. Ante of The Wall Street Journal reports, the size of the round is unusually large considering that 1stdibs only brings in $10 million to $15 million a year in revenue. 

With the new round of funding, the company plans to further fuel its international expansion, and within the next month or so, unveil a new redesign to its site.

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