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Flippa, a global online marketplace for buying and selling online businesses and digital assets, has raised $11M in Series A funding. The funds will be used to enhance the functionality of Flippa’s platform products and scale the company’s industry-leading business valuation tool.
Flippa, a global online marketplace to buy and sell online businesses and digital assets, has announced that it has raised $11 million in a Series A funding round led by OneVentures.
Flippa intends to use the proceeds of its Series A round to more than double its headcount to more than 100 employees, hiring globally, as well as remotely, across all departments such as engineering, product, sales, marketing, and others. The funds will also be used to expand the functionality of Flippa’s platform products, including scaling the company’s proprietary industry-leading business valuation tool.
In 2009, Flippa invented the space for buying and selling digital businesses, and as a bootstrapped startup, we’ve achieved #1 status globally. We’ve witnessed thousands of success stories where business owners use Flippa to realize value in their extraordinary efforts. We are now growing into a market network to streamline transactions of all sizes, and we’re excited to empower the next generation of entrepreneurs and investors.Blake Hutchison, CEO of Flippa
Flippa’s proprietary valuation product and matching algorithm accurately values businesses and connects them with qualified buyers directly. Customers ranging from small business owners to serial entrepreneurs can sell their company directly through the platform or with the assistance of a broker or M&A advisor.
Due diligence and acquisition finance are also provided by Yardline Capital, and a new service called Flippa Legal, which is billed as legal-as-a-service. Flippa’s platform and network offer an end-to-end platform for the selling process for the first time.
Nigel Dews, Operating Partner at OneVentures. We are thrilled to partner with the Flippa team as they democratize the exit for millions of small business owners and entrepreneurs.Nigel Dews, operating partner at OneVentures