New York – Etsy, a shopping site for independently-made
crafts, has raised $20 million in a fifth round of venture capital financing,
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.
company has to date raised a total of over $51 million in financing.