Invaluable Secures $33.75M Series D Funding to Transform Live Auction Industry
BOSTON — Invaluable, the global leader in online live auction marketplaces, has announced a $33.75 million Series D funding round led by Insight Venture Partners, with participation from existing investors Ascent Venture Partners and Commonwealth Capital Ventures. This strategic investment will accelerate the company’s mission to revolutionize the live auction industry through technology innovation and global expansion.
Key Highlights of the Funding Round
- Lead Investor: New York-based Insight Venture Partners
- Funding Amount: $33.75 million (Series D)
- Board Addition: Bradley Twohig, Principal at Insight Venture Partners, joins Invaluable’s board
- Use of Funds: Technology development, team growth, strategic partnerships, and acquisitions
Driving Exponential Growth in Live Auctions
The funding follows a record-breaking 2013 for Invaluable, which saw:
- 98% increase in gross merchandise sales
- Strategic partnerships with industry giants like eBay and EpaiLive
- Global expansion into Asian markets through the EpaiLive collaboration
“This investment enables us to build on our momentum and further disrupt the traditional auction model,” said Rob Weisberg, CEO of Invaluable. “With Insight Venture Partners’ expertise in scaling technology marketplaces, we’re positioned to deliver even greater value to auction houses and collectors worldwide.”
Strategic Partnerships Fueling Market Leadership
Invaluable has recently secured major industry collaborations:
- eBay Integration: Provides eBay’s 145 million active users access to live auction catalogs
- EpaiLive Alliance: Connects North American auction houses with 100,000 registered Chinese buyers
Bradley Twohig of Insight Venture Partners noted: “Invaluable’s innovative technology and market position make it the clear leader in transforming how live auctions operate in the digital age.”
About Invaluable
As the world’s largest online live auction marketplace, Invaluable offers:
- Real-time bidding for global auctions
- Comprehensive SaaS solutions for auctioneers
- Industry-leading database with 58+ million auction results ($204+ billion in value)
Founded in 1989 and headquartered in Boston, Invaluable maintains additional offices in Pennsylvania and the UK.
About Insight Venture Partners
This leading global investment firm specializes in high-growth technology companies, having:
- $8+ billion raised since 1995
- 200+ portfolio companies worldwide
- Expertise in scaling successful marketplaces
For more information, visit www.invaluable.com or follow @InvaluableLive on Twitter.
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