Atlanta – WorthPoint, a website that provides valuations and
associated services for art, antiques and collectibles, announced on Tuesday
that it has raised $3.6 million in a new equity investment round, and expanded
its credit capacity up to $1 million.
Investors participating in the round
included principal partners from Cheviot, as well as existing and new angel
investors.
Atlanta-based WorthPoint offers a database of sales records on art
called Worthopedia, which counts more than 73 million items.
The three-year-old
company says it is already profitable.
The new funds will be used to launch
globalization and publisher content integration efforts, as well as to expand
Worthopedia, create community forums, and build iPhone and iPad applications.
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