Storefront, a Los Angeles, CA-based online marketplace for designers and artists to find retail space, closed a $7.3m Series A funding.
The round was led by Spark Capital with participation from existing investors Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, Box Group, and new investors SV Angel, Gary Vaynerchuk, Nas, Tom Glocer, Troy Carter and Vikram Pandit. In addition to the funding, Mo Koyfman of Spark joined Storefront’s board.
The company intends to use the funds for new market expansion, focusing immediately on Los Angeles.
Co-founded by Erik Eliason, CEO, and and Tristan Pollock, Storefront helps brands, designers and artists find retail space to sell their products. The types of spaces listed on thestorefront.com include showroom spaces, boutique neighborhood shops and booths.
Launched a year ago, it has been used by over 1,000 merchants to open stores in New York City and San Francisco.
Customers include brands such as Google and Nike, artists such as Kanye West, and retailers such as Indochino.
27/06/2013: Storefront Secures $1.6M in Seed Funding