Boston-based Invaluable, the world’s largest online marketplace for fine arts and antiques, announced Tuesday that it has raised $33.75 million in a Series D round of fresh funding. The round was led by New York venture firm Insight Venture Partners, with participation from existing investors, Ascent Venture Partners and Commonwealth Capital Ventures.
This round of growth financing keeps up the company’s momentum as they come off inking an exclusive partnership with eBay to make auction catalogues available for online bidding for eBay’s 145 million active users. What’s more, Invaluable had its record year in 2013, and saw a 98 percent increase in gross merchandise sales.
The new round of funding will be used to leverage Invaluable’s technology and expand its team. Insight Venture Partners principal investor Bradley Twohig will also be joining the company’s board.
Since its start in 1989, the company has raised around $46.8 million.
Image via Invaluable
