April 2015

Auctionet closes seven-digit financing round

The Swedish, online-based auction platform for antiques and collectibles Auctionet, which is bundling the offer of multiple local auction houses within its website thus enabling access to an international buyer universe, has successfully closed a financing round of SEK 25m led by the investors D-Ax and Benjamin Otto. The raised capital will be predominantly used to promote the Swedish market leader’s expansion into the German market which has begun in 2014.

ARGONAS acted as exclusive Corporate Finance Advisor to Auctionet with regard to the financing round.

press release (PDF)