Flippa, an Austin, Texas-based global online marketplace to buy and sell online businesses and digital assets, raised $11M in Series A funding.
The round was led by OneVentures through its 1V Growth Fund V, with participation from:
- Andrew Walsh (ex-CEO Hitwise, acquired by Experian)
- Mark Harbottle and Matt Mickiewicz – Co-founders of Flippa, as well as 99designs,
- Gabby & Hezi Leibovich (Founders of Catch.com.au),
- Guy King and Bevan Clarke (Founders of RetailMeNot.com), and
- Tim O’Neill and Tim Fouhy (Founders of Reactive Media).
The company plans to use the proceeds of its Series A round to double its headcount to more than 100 employees, hiring globally including in Melbourne, San Francisco, Austin, and also remotely, across all departments including engineering, product, sales, marketing and more, and expand its platform product functionality, including scaling its proprietary business valuation tool.
Led by Blake Hutchison, CEO, Flippa is a global online platform to buy and sell digital real estate, such as websites, eCommerce stores, apps, and online businesses. Flippa’s proprietary valuation product and matching algorithm accurately values businesses and matches them directly with qualified buyers. From business owners to serial entrepreneurs, customers can sell their company directly through the platform or with the assistance of a broker or M&A advisor. The product also offers due-diligence and acquisition finance powered by Yardline Capital (a Thrasio company) and a new service called Flippa Legal which is billed as legal-as-a-service.
FinSMEs
20/09/2021