Asseta Secures $1M in Seed Funding

asseta_logoAsseta, a San Francisco, CA-based business-to-business marketplace for capital equipment and spare parts, secured $1m in seed funding.

Backers included Red Swan Ventures, Zpark Venture, FundersClub, Gil Penchina, Jeff Epstein, Winklevoss Capital, Sandy Kory and Mission and Market.

The company, which has raised $535k at the end of 2013, intends to use the funds to build its sales and engineering teams.

Led by cofounder and CEO Anton Brevde, Asseta operates a marketplace for companies to buy semiconductor parts including a used chamber assembly, a refurbished power supply, or a new o-ring in factory sealed packaging from suppliers around the world. According to a note, Asseta allows manufacturers to save up to 60% on their spare part spending. The company charges a 10% fee for successful transactions.



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