Global Auction Technology Leader ATG Closes $75M Funding Round

Auction Technology Group (ATG) has secured $75,000,000 in funding from investors. This capital injection is poised to support the company’s strategic growth initiatives and its ongoing expansion within the global online auction market. ATG is a global technology company, headquartered in London and listed on the London Stock Exchange, dedicated to transforming how billions of pounds, euros, and dollars worth of items are bought and sold globally via auction. With over 350 employees, ATG operates the world’s leading marketplaces and auction services for curated online auctions, seamlessly connecting bidders from around the world to trusted auctioneers across two major sectors: Industrial & Commercial, and Art & Antiques. The company has supported the auction industry since 1971 and maintains leading positions in the US, the UK, and Germany, reaching bidders in 160 countries. This significant funding round reinforces ATG’s position as a key partner to auctioneers, providing leading online marketplace capabilities and a range of value-added tools and services designed to maximize value on lots sold and increase efficiency. The newly secured capital is intended to further enhance ATG's proprietary auction technology, which includes a cloud-based content management system for auctioneers. ATG’s extensive portfolio of digital marketplaces includes LiveAuctioneers and thesaleroom.com for Art & Antiques, and Proxibid, BidSpotter.com, BidSpotter.co.uk, and i-bidder.com for Industrial & Commercial items. These platforms facilitate a vast range of auctions, from fine art and antiques to agricultural machinery and surplus consumer products. The company currently hosts more than 44,000 live and timed auctions across its multiple marketplaces each day. This investment positions ATG to further solidify its global leadership in the online auction sector. The company plans to use these funds to pursue its long-term objectives for continued innovation, technological advancement, and sustained growth across its diverse marketplaces.