Etsy Closes $40M Funding

Etsy, a NYC-based marketplace for artisans and small businesses, has closed a $40m funding.

The round was led by Index Ventures, with participation from Burda, Union Square Ventures, and Accel Partners.

The company intends to use the capital to expand all around the world and develop more products and services to help sellers succeed and build their businesses on the platform.

Founded by Rob Kalin in early 2005 and led by CEO Chad Dickerson (read here his post about the funding), Etsy is an ecommerce website where artisans sell handmade goods with 15m members and 875k active shoppers. It recently launched in Germany and France, started the direct checkout rollout to make transactions easier on the platform and acquired Trunkt.

The company also has offices in Hudson, NY, San Francisco, CA, and Berlin, Germany.



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