Online marketplace VarageSale raises $34 mln from Sequoia, Lightspeed
VarageSale, an online marketplace that provides people with a trusted environment in which to buy and sell, has raised $34 million. As flagged by peHUB Canada last month, one of the investors in the round was U.S. venture capital firm Sequoia Capital. Joining Sequoia was Lightspeed Venture Partners. Lightspeed's Jeremy Liew and Sequoia's Bryan Schreier have joined the startup's board of directors. Co-founded in 2012 by Carl Mercier and Tami Zuckerman-Mercier, VarageSale plans to use the funds to support product development and community growth and to expand its Toronto team. Canadian venture capital firm Version One Ventures recently disclosed that it is an existing investor in the company.
5 April 2015•4 mins read
