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Overview
Paddle8 is the premier online collecting destination, presenting auctions of extraordinary art, design, jewelry, watches, and collectibles. Using innovative technology, Paddle8 has streamlined the collecting experience by combining the trust and taste of an auction house with efficient operational solutions and a global reach.
Paddle8 focuses on inventory priced between $1,000 and $100,000, all of which is vetted by expert specialists. In short, Paddle8 fills the white space between uncredentialized online marketplace and the traditional brick-and-mortar auction houses. In addition, Paddle8 makes it simple for individual collectors to easily and swiftly sell works from their collections via Paddle8's iPhone app, which allows for anyone to submit a work and receive a complimentary auction estimate within five business days. Paddle8 has also partnered with over 350 non-profit organizations worldwide to present benefit auctions to our global community of 500,000 collectors, helping each organization expand its fundraising results.
Founded in 2011, Paddle8 has over 100 employees worldwide, with teams in New York, L.A., and London. Paddle8 is funded by the investors behind Uber, Vimeo, Buzzfeed, Paperless Post, Warby Parker, and Bonobos, among others, as well as art-world insiders including artist Damien Hirst, art dealer Jay Jopling, and the Mellon family.
In May 2016, Paddle8 joined forces with Auctionata, a leading European platform for livestream auctions, to create the global leader in online art, collectibles and vintage luxury and the destination of choice for the 21st century collector. With nearly 800,000 registered users, the united company is one of the top 10 auction houses worldwide outside of China and a dominant player for art and luxury collectibles in the most important markets globally.
About
E-Commerce, Art, Online Auctions
2011
101-250
Headquarters locations
New York, New York, United States, North America
Social
N/A
Profile Resume
Paddle8 headquartered in New York, New York, United States, North America, operates in the E-Commerce, Art, Online Auctions sector. The company focuses on E-Commerce and has secured $6.0B in funding across 72 round(s). With a team of 101-250 employees, Paddle8 is actively contributing to advancements in E-Commerce. Their latest funding round, Series A - Paddle8, raised $4.0M. Discover more about their projects, partnerships, and impact on our platform.
Employees
N/A
Funding Rounds
6
1
0
$83.5M
Details
3
Paddle8 has raised a total of $83.5M in funding over 3 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2015 | Late Stage Venture | 34.0M | ||
2013 | Early Stage Venture | 6.0M | ||
2012 | Early Stage Venture | 4.0M |
Investors
Paddle8 is funded by 3 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Lepe Partners | - | FUNDING ROUND - Lepe Partners | 34.0M |
Paddle8 | - | FUNDING ROUND - Paddle8 | 34.0M |
Edgar Berger | - | FUNDING ROUND - Edgar Berger | 34.0M |
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