Massdrop, a San Francisco, CA-based community-driven commerce platform, raises $6.5m in a Series A funding.
The round was led by Mayfield Fund with participation from Kleiner Perkins Caufield & Byers, First Round Capital and Cowboy Ventures.
The company, which has now raises about $8m, intends to use the funds to grow the business.
Launched in July 2012 by CEO Steve El-Hage, Massdrop is an online community for people to connect with peers and discuss about their favorite products and activities, from audio and electronics to quilting and cooking, and buy those products together.
People use Massdrop’s polling and discussion systems to determine products to purchase together. From there, the company works on the community’s behalf to contact manufacturers directly, negotiate the best prices and facilitate logistics.
FinSMEs
24/09/2014