Art marketplace L’ArcoBaleno raises Series A from venture investors


munich2_lrgE-commerce startup L’ArcoBaleno has secured a seven figure Series A funding round led by Munich-based venture capital firm Holtzbrinck Ventures.

The round was also supported by venture firms DN Capital, Otto Capital BV and Novel TMT Ventures as well as by individual investors.

L’ArcoBaleno, which was launched in June, offers luxury design items such as furniture, lighting, crafts and decorative arts ranging in price up to $40,000.

Holtzbrinck Ventures general partner Lars Langusch said, “I am delighted to be working with the L´ArcoBaleno team. They have a terrific opportunity and a fantastic instinct for the detail required to succeed in their market.

Earlier this year Holtzbrinck Ventures backed a €10m round for Munich-based online payments processor Paymill.

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