PawnGuru, an Ann Arbor, MI-based online marketplace connecting pawn shops and consumers, closed a $2.5m Series A funding.
The round was led by Impact America Fund and Invest Detroit Ventures with participation from angel investors.
The company intends to use the funds to expand its network of shops within the US as well as to international markets.
Launched in 2015 and led by CEO Jonathan Polter, PawnGuru is an online marketplace connecting consumers with local pawn shops. Since inception, nearly 800,000 consumers from across the US have joined the platform to connect with a network of 4,500 local pawn shops.