Insight Venture Partners invests $33.75m in Invaluable through Series D round


news_gavel_lrgOnline live auction marketplace Invaluable has picked up $33.75m in new funding thanks to a Series D round from New York-based Insight Venture Partners.

Insight principal Bradley Twohig will join the Invaluable board as part of the transaction.

The company said the capital raised followed a record year for the business in 2013, during which it experienced a 98 per cent increase in gross merchandise sales.

Invaluable’s new funding comes hot on the heels of several large partnership announcements, including the launch of an exclusive partnership with eBay to make auction catalogues available for online bidding by eBay’s 145 million active users through their new live auction platform.

Insight targets high-growth technology and software companies driving transformative change in their industries.

Founded in 1995, the firm has raised more than $8bn and invested in more than 200 companies worldwide.

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