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. 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. and scrutiny for preventing dealers from completing a negotiation offline to avoid the company's commission fees. 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. 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. As of February 2019, 1stDibs works with 4,000 dealers in 28 countries. 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. In June 2021, the company went public on the
Nasdaq, under the symbol
DIBS., raising $112 million at a valuation of roughly $773 million. The years that followed were turbulent -- revenue fell 13% in 2023 to $84.7 million -- before a restructuring effort stabilized the business. The company exited 2025 as its first Adjusted EBITDA-positive year as a public company, though a return to GMV growth is not expected until Q4 2026, with a depressed housing market remaining a key headwind. ==References==