Listia, a Mountain View, Calif.-based online trading marketplace, raised $9m in Series A funding.
The round was led by General Catalyst Partners. In conjunction with the funding, Neil Sequeira, a partner at General Catalyst, will join Listia’s board.
The company, which had previously raised about $2m in seed funding from Andreessen Horowitz, SV Angel, Naval Ravikant, Max Levchin and others, intends to use the capital to continue to develop their Android and iOS mobile app, while improving user experience.
Founded in 2009 and led by Gee Chuang, CEO of Listia is a platform for users who want to trade-in unwanted items for spendable credits. Credits can then be applied to any item posted on the same marketplace, allowing users to acquire items such as gadgets, jewelry, gaming systems, baby clothes, etc.
Listia has a community of over 4 million users and over 12 million items traded to date.
FinSMEs
02/10/2013