Some good news for Listia just two months after our launch. Here’s our press release:
Listia.com Raises $400k in Funding to Help People Give and Get Free StuffSunnyvale, CA – October 13, 2009 – Listia.com, a new online auction site for free stuff, announced today that it has secured $400k in financing. The deal was led by Implistic Capital. The company previously raised a seed round from Y Combinator, which specializes in funding early stage startups. This round of funding will enable the company to build the largest online marketplace for free stuff and give users an easy way to give away items they no longer need in return for something they want. Listia uses an online auction system that makes use of virtual credits instead of cash. Every user gets free credits when they sign up. Users then bid credits for things they want, so each item goes to the person who wants it most. In addition to providing a community and marketplace for free stuff, Listia hopes to help charitable causes through its charity auction program and promote environmental awareness by helping people give stuff away instead of throwing it in landfills. Listia Inc. was founded in June 2009 by James Fong and Gee-Hwan Chuang. The Listia.com web site was launched in August 2009 and has since become a popular marketplace for giving away and getting free stuff through its free online auction system.
firstname.lastname@example.org James Fong