Luxury furnishings and jewellery marketplace 1stdibs.com has raised $76m in a series D funding round to accelerate growth in the US and international markets.

The investment round was led by funds and accounts advised by T. Rowe Price Associates.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Groupe Artémis, Foxhaven Asset Management, Sofina Group, Allen & Company, and Michael Zeisser, former chairman of US investments for Alibaba Group, also participated in the funding round.

With this funding round, the online marketplace has raised $170m in primary capital since its inception.

"We are now in a position to accelerate growth through investment in the core business, as well as attractive adjacent categories."

The retail marketplace intends to use the funds to invest in its core business, grow adjacent categories, expand internationally and make strategic acquisitions.

1stdibs CEO David Rosenblatt said: “Over the past six years, we have transformed 1stdibs from a listing site to the leading global luxury marketplace for the design world.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Having established that e-commerce platform, we are now in a position to accelerate growth through investment in the core business, as well as attractive adjacent categories.”

The company sells luxury furnishings, jewellery, fine arts and vintage fashion items. The company transitioned to an e-commerce model in 2013.

It currently has a network of more than 4,200 dealers from 600 cities in 43 countries.

Rowe Price portfolio manager Josh Spencer said: “1stdibs is uniquely positioned in the luxury online marketplace space. We believe that it has a real opportunity to grow in its core and adjacent categories and that its strong management team can guide it to become a much larger company over time.”

1stdibs.com reported sales of $250m last year, a compound annual growth rate (CAGR) of nearly 100%.