1stdibs
 | A major contributor to this article appears to have a close connection with its subject. (August 2025) |
 | |
| 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, , U.S.[4] |
Area served | Worldwide |
Key people | David Rosenblatt (CEO) |
| Revenue |  US$85 million (2023)[5] |
Number of employees | 237 (2023)[5] |
| Website | 1stdibs |
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 headquartered in New York City.
History
[edit]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] raising $112 million at a valuation of roughly $773 million. [17] The years that followed were turbulent -- revenue fell 13% in 2023 to $84.7 million[18] -- before a restructuring effort stabilized the business. The company exited 2025 as its first Adjusted EBITDA-positive year as a public company, [19] though a return to GMV growth is not expected until Q4 2026, with a depressed housing market remaining a key headwind. [20]
References
[edit]- ↑ Spero, Josh (17 May 2017). "New kids on the block: rise of the online art auction". The Financial Times. Retrieved 1 August 2019.
- 1 2 Evans, Katie (28 September 2018). "How 1stdibs.com carved out a luxe e-commerce niche". Digital Commerce 360. Retrieved 4 August 2019.
- ↑ Rosman, Katherine (13 February 2014). "The Treasures of 1stdibs's Michael Bruno". The Wall Street Journal. Retrieved 3 August 2019.
- ↑ Griffith, Erin (9 September 2015). "Exclusive: 1stdibs quietly raised $50 million from Insight Venture Partners". Fortune. Retrieved 3 August 2019.
- 1 2 "2023 Annual Report (Form 10-K)". US Securities and Exchange Commission. 29 February 2024.
- ↑ Ankeny, Jason (27 July 2015). "How This Site Became the Go-To Marketplace for Rare and Antique Goods". Entrepreneur. Retrieved 1 August 2019.
- ↑ Garrahan, Rachel (18 March 2015). "1stdibs spies jewellery opportunity". The Financial Times. Retrieved 1 August 2019.
- 1 2 Kurutz, Steven (11 March 2016). "Antique Dealers Protest New 1stdibs Rules". The New York Times. Retrieved 1 August 2019.
- ↑ Little, Rebecca (13 April 2013). "The game-changer for antiques shops". Crain's Chicago Business. Retrieved 1 August 2019.
- ↑ Danziger, Pamela (15 March 2018). "1stdibs Already Decorates The Homes of The Wealthy; Now It Wants To Fill Their Lives". Forbes. Retrieved 4 August 2019.
- ↑ Griffith, Erin. "Exclusive: 1stdibs quietly raised $50 million from Insight Venture Partners". Fortune. Archived from the original on 2015-09-10. Retrieved 2021-06-16.
- ↑ Luckel, Madeleine (28 March 2019). "1stdibs Raises $76 Million in Series D Funding". Architectural Digest. Retrieved 2 August 2019.
- ↑ Roof, Katie (28 March 2019). "Marketplace 1stdibs Grabs $76 Million to Expand Luxury Platform". The Wall Street Journal. Retrieved 2 August 2019.
- ↑ Green, Penelope (11 February 2019). "1stdibs Inches Closer to the One Percent". The New York Times. Retrieved 1 August 2019.
- ↑ Luckel, Madeleine (20 December 2019). "1stdibs Shutters Gallery, Michael S. Smith Debuts Direct-to-Consumer Line, and More News This Week". Architectural Digest. Retrieved 2020-07-30.
- ↑ "1stdibs.com, Inc. Announces Closing of Initial Public Offering". Yahoo! Finance. June 15, 2021.
- ↑ Capital, Renaissance (2021-06-02). "Online luxury goods marketplace 1stDibs sets terms for $112 million IPO". Renaissance Capital. Retrieved 2026-03-19.
- ↑ "1stdibs.com Inc (DIBS) Reports Decline in Revenue and Narrowing Net Loss for Q4 and Full Year 2023". Yahoo Finance. Archived from the original on 2024-10-01. Retrieved 2026-03-19.
- ↑ MarketBeatFebruary 27; clipboard, 2026Link copied to (2026-03-18). "1stdibs.com Q4 Earnings Call Highlights". MarketBeat. Retrieved 2026-03-19.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ↑ "1stdibs Earnings Call: Profitability Milestone, Growth Trade-Off". The Globe and Mail. Retrieved 2026-03-19.
External links
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