According to reports, Gumroad, a San Francisco, CA-based startup that enables people to sell their stuff online, has raised $7m in Series A funding.
The round was led by Kleiner Perkins Caulfield & Byers, with participation from existing backers Accel Partners, Chris Sacca, Max Levchin, SV Angel, Josh Kopelman, Seth Goldstein, Naval Ravikant, Collaborative Fund and Danny Rimer.
In February, Gumroad launched with over $1.1m in seed funding (read here).
The company now intends to use the funding to hire additional people.
Founded by Sahil Lavingia, Gumroad allows users to sell things including songs, albums, videos, photos, T-shirts, etc. through a simple URL link. The service supports all major credit cards and deposits to accounts in over 190 countries and takes 5% + $0.30 of each transaction (https://gumroad.com/how-it-works).
FinSMEs
08/05/2012