Details

Last Funding Type

Series C

Last Funding Money Raised

$34M

Industries

Art,E-Commerce,Online Auctions

Founded date

Jan 1, 2011

Number Of Employee

101 - 250

Operating Status

Active

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.