New York – Etsy, a shopping site for independently-made
crafts, has raised $20 million in a fifth round of venture capital financing,
TechCrunch reported.
Index Ventures led the investment round; previous backers
Accel Partners and Hubert Burda Media also participated in the round, which
values Etsy at $300 million.
Founded in 2005, New York-based Etsy says it is
profitable, and has saw sales of $130.1 million in the first half of 2010.
The
company has to date raised a total of over $51 million in financing.
Related Links:
http://techcrunch.com/2010/08/26/etsy-300-million-valuation
I’m happy for all of the artisans and customers who will benefit from an even better Etsy.
Just started my new shop:
http://www.etsy.com/shop/SilverCoastSeaGlass
and love the atmosphere here.