NEW YORK, April 19, 2017 /PRNewswire/ -- Today Barnebys, a Scandinavian startup launched in 2011, announced it has closed a new round of financing with $3.3 million in new equity. The investment is to expand the company's operations in the US.
Barnebys – an international online service that helps people search for, compare and buy items from dealers and auction houses around the world – is changing the 300-year-old auction industry by leading it into the digital age. As the world's leading aggregator of auction and dealer inventory data, Barnebys holds a unique position in disrupting the industry by using the capabilities of the digital environment to build greater mass-market appeal.
"Our vision is that everyone who currently only thinks of shopping at retail outlets will also consider the extraordinary inventory available at Barnebys.com," said Christopher Barnekow, founder and CEO of Barnebys. "We offer an easy, affordable way to obtain unique items in the kind of swift process people now expect."
Notable investors are Industrifonden and Howsat Venture Partners who previously invested capital in two successful travel aggregators, Trivago and Momondo. They have been joined by new investors to Barnebys, Accum Kapital and Kichi Invest, both Scandinavian venture capital firms focusing on disruptive startups.
Barnebys.com is the world's leading aggregator for design and vintage items, as well as for arts, antiques, and collectibles. It offers access to items from 2,000 auction houses and dealers and has about 700,000 lots available to its users on a daily basis. Barnebys also brings unprecedented transparency to the auctions market by providing buyers and sellers a free, online realized-price database documenting the final selling prices of 32 million items.
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