Dec. 14, 2012
/PRNewswire/ -- V&M (
), the world's most distinct, curated marketplace of unique design goods, announced today that they have received multi-million dollar venture "seed" round funding, and completed a merger with one of
's leading online marketplace for 20th Century vintage modern design, Deconet (
), forming a newly established global holding company, Global Design Partners LLC.
Combined, the expanded V&M will become one of the largest sources of one-of-a-kind design in the world with over 30,000 distinctive objects for sale from over 450 dealers in 25 countries. Total merchandise is valued at over
and range from
for small collectibles to
for a hand-carved reproduction of a 26-foot
gilt frame at the Metropolitan Museum of Art, with most goods between
$250 and $5,000
The newly-global V&M also expanded the firm's board to include seasoned internet and media veterans: Jonas Svensson, chairman and co-founder of Deconet, and co-founder of global interactive firm Razorfish; and
, former CEO of Cint
, maker of SaaS-based market research software, and Co-Founder of Macmillan Digital, Simon & Schuster's first online business. Jonas and Kevin will be joining
R. Adam Smith
, an experienced investor and board member in high-growth private brand, media, and luxury companies, and CEO of V&M;
, founder of L.A.-based private investment firm Media Investment Group, and a former senior executive at Facebook, Disney, and Viacom; and
, a media and entertainment industry consultant and former senior executive managing L.A.-based New Regency Productions, a global independently-financed
movie production company.
Unlike V&M's competitors in the burgeoning high-end antique and vintage segment, the majority of V&M's products today are already e-commerce enabled, primed to take advantage of the 62% forecasted rise in e-retail sales in the coming years (Forrester Research US Online Retail Forecast, 2011 to 2016).