Auctionata Receives Investment from German Startups Group
Summary
Auctionata, a Berlin, Germany-based online auction house for art and luxury collectibles worldwide, received an investment from German Startups Group.It leverages patented technology to broadcast auctions in real-time in streaming to allow interested people worldwide to tune into the hall online and bid live via the website or mobile app.The company has completed 2015 with a Gross Merchandise Volume of €81m ($90m), an increase of 165% compared to the year before.Around 76% of the GMV was generated from the livestream auctions, while fixed-price sales contributed 24%.Auctionata, which also operates offices in New York, London, Zürich, Rome, and Madrid, is also backed by Earlybird, Holtzbrinck Ventures, and e.ventures.
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