1stdibs
American e-commerce company From Wikipedia, the free encyclopedia
1stdibs.com, Inc. (stylized as 1stDibs) is an American e-commerce company. It has an online marketplace, which sells luxury items such as high-end furniture for interior design, fine art and jewelry.[6][7] The company has been recognized for "pushing the antiques business into the 21st century."[8] Originally, founded in Paris, it is currently headquartered in New York City.
 | |
| Company type | Public[1] |
|---|---|
| Nasdaq: DIBS | |
| Industry | E-commerce Online marketplace |
| Founded | 2000, in Paris, France[2] |
| Founder | Michael Bruno[3] |
| Headquarters | 300 Park Avenue South, , US[4] |
Area served | Worldwide |
Key people | David Rosenblatt (CEO) |
| Revenue | US$85 million (2023)[5] |
Number of employees | 237 (2023)[5] |
| Website | 1stdibs |
History
Summarize
Perspective
1stDibs was founded in 2000 by Michael Bruno as an online luxury marketplace for antiques after he visited the Marché aux Puces in Paris, France.[9] 1stDibs.com started as a listings site for art dealers to sell offline, but the site was redesigned in 2013 to give buyers the option to purchase items online.[2] The company has received praise for restricting its listings to authorized dealers for authenticity,[10] and scrutiny for preventing dealers from completing a negotiation offline to avoid the company's commission fees.[8]
In 2015, 1stDibs raised $50 million from venture capital firm Insight Partners. Part of that funding went to buy out all shares held by Bruno, who had stepped away from day-to-day operations. The raise added Deven Parekh from Insight to the company's board.[11]
In March 2019, the company completed a series D funding round of $76 million. It has received $170 million in funding to date and has a valuation of more than $500 million.[12][13] As of February 2019, 1stDibs works with 4,000 dealers in 28 countries.[14]
In December 2019, 1stDibs closed its brick-and-mortar location at Terminal Stores after the new owner of the building began a large-scale construction project.[15]
In June 2021, the company went public on the Nasdaq, under the symbol DIBS.[16]
References
External links
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