Reverb.com, a Chicago, IL-based online marketplace for buying, selling, and learning about music gear, raised $15m in funding.
Backers included Summit Partners, Rick Nielsen, Max Levchin, Jon Oringer, Adam Bain, Roger McNamee, and Fabrice Grinda.
The company, which has secured $47m in total funding, intends to use the funds to launch Reverb LP, a new marketplace for buying and selling vinyl records and other physical music formats online later this year.
Led by Founder and CEO David Kalt, Reverb.com is an online marketplace to buy, sell and learn about new, used, and vintage music gear. The marketplace, comprised of hundreds of thousands of buyers and sellers – from beginner musicians, mom-and-pop shops, and boutique builders to collectors, large retailers, popular manufacturers, and rock stars – has roughly half a million listings ranging from electric, acoustic and bass guitars to effects, studio gear, synthesizers, drums, DJ equipment, orchestra instruments, music-making software, etc.