L’ArcoBaleno has secured a seven-figure financing round from a group of international investors.
L’ArcoBaleno is positioned to lead the luxury design industry by bringing a curated marketplace of intriguing and valuable furniture, lighting, crafts and decorative arts direct to consumers.
Since its launch in June, consumers around the world are acquiring collectible material at L’ArcoBaleno including objects ranging in price up to USD40,000.
Led by venture capital firm Holtzbrinck Ventures L’ArcoBaleno’s latest funding round also includes DN Capital, Otto Capital BV and Novel TMT Ventures. Individual investors Carmen Busquets, Frederic Court and Christophe Maire have all contributed to the new series A investment of L’ArcoBaleno.
“We are thrilled to be supported by such a savvy and discerning group of premier investors. This provides us with a great foundation to grow our concept, boost our operations and help ensure that L´ArcoBaleno can build a sustainable business.” says Oliver Weyergraf, co-founder and chief executive of L´ArcoBaleno.
Lars Langusch (pictured), general partner at Holtzbrinck Ventures, says: “I am delighted to be working with the L´ArcoBaleno team. They have a terrific opportunity and a fantastic instinct for the detail required to succeed in their market.”
