Flippa, an online marketplace to buy and sell online businesses and digital assets, raised $11 million in Series A led by OneVentures.
Existing investors Andrew Walsh (former Hitwise CEO), Flippa co-founders Mark Harbottle and Matt Mickiewicz, 99designs, as well as new investors Catch.com.au founders Gabby and Hezi Leibovich; RetailMeNot.com founders Guy King and Bevan Clarke; and Reactive Media founders Tim O’Neill and Tim Fouhy.
the new funding will be used to double the company’s headcount to more than 100 people as it builds out its offices globally, as well as establishing outposts in Melbourne, San Francisco, and Austin.
Company: Flippa.com Pty Ltd
Round: Series A
Funding Month: September 2021
Lead Investors: OneVentures
Additional Investors: Andrew Walsh, Mark Harbottle, Matt Mickiewicz, 99designs, Gabby, Hezi Leibovich, Guy King and Bevan Clarke, Tim O’Neill, and Tim Fouhy
Company Website: https://flippa.com/
Software Category: E-commerce
About the Company: Flippa, with bases in both Austin and Australia, was started in 2009 and facilitates exits for millions of online business owners, some that operate on e-commerce marketplaces, blogs, SaaS, and apps, the newest data integration being for Shopify. Business owners can sell their companies directly through the platform and have the option to bring in a business broker or advisor. The company also offers due diligence and acquisition financing from Thrasio-owned Yardline Capital and a new service called Flippa Legal. Flippa has over 3 million registered users and added 300,000 new registered users in the past 12 months. Overall transaction volume grows 100% year over year.