• Transactions

Auctionet Equity Financing Through B. Otto und D-Ax

The Company

Auctionet is a Swedish online auction platform that allows stationary auction houses to offer their auction items online to an international audience either via a direct online auction or via digital participation in face-to-face auctions. In addition, Auctionet offers its customers an international delivery service for items purchased through the platform. The company was founded in 2011 by the experienced Swedish serial entrepreneur Niklas Söderholm (previously DIBS, PAyson).

The Transaction

Since its foundation, Auctionet has become the clear market leader in Scandinavia. Against the backdrop of its expansion into Germany, which started in 2014, the company has implemented a financing round focused on German investors together with ARGONAS. More than SEK 25 million in new capital was raised from experienced digital investors Benjamin Otto and D-Ax in a structured financing process.

Scope of Mandate

ARGONAS acted as exclusive financial advisor to the Company, providing full advice and support in all aspects of the preparation and implementation of the process.