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.

company has to date raised a total of over $51 million in financing.


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