Barnebys raises SEK 30M more, adds new private investors to its structure.

Sweden Investments 06 April 2017
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Barnebys, a Stockholm, Sweden-based auction search engine for collectors, raised SEK 30M ($3.31M) in a new investment round. Backers include existing investors as well as 2 new local business angels, namely Fredrik Adolfsson and Fredrik Wester. The transaction values the company at SEK 230M ($25M).

Barnebys, founded in 2011 and led by CEO Christopher Barnekow, provides an online platform that aggreggates art auctions. The platform has 130,000 members and is growing by 10,000 a month, with the US market accounting for the majority of it.

Barnebys has raised about $7M prior to this investment from investors including Industrifonden or Inbox Capital, and in 2016 it recorded revenues of about SEK 18M ($2M), without being proftable.