Etsy Raises Another $20 Million For $300 Million Valuation
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Crafts buying site Etsy has raised a fifth VC round of $20 million from Index Ventures, the investor announced through TechCrunch, though not its own site.
Previous backers Accel and Hubert Burda Media joined Index in this round, which brings Etsy’s all-time investment to an estimated $51.6 million.
The site, like an eBay (NSDQ: EBAY) or Amazon (NSDQ: AMZN) for independently made and sold goods, claims to have sold merchandise worth $130.1 million in the first half of this year, and is profitable.
Index lately has been showing more interest in startups that actually make money from users, like with micropayments, rather than merely ad-funded propositions. Index investor Danny Rimer is joining Etsy’s board.
This round values Etsy at $300 million and the company says this year’s revenue should be between $30 million and $50 million, TechCrunch says.
Founder Rob Kalin returned after a stint with NPR to replace Maria Thomas as CEO in December.
Posted In: Money, M&A & Venture Capital, Venture Capital, accel partners, etsy, hubert burda media, index ventures
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