# iPawn

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ipawn

- Industry: Internet
- Headquarters: Tyler, US
- Website: www.ipawn.com
- Total disclosed funding: $1.5M
- Latest round: Series A (May 5, 2010)
- Investors on record: 2

## About

iPawn offers a user-friendly platform for individuals to sell their gold items for cash, emphasizing convenience and security throughout the process.iPawn is focused on enabling consumers to sell their gold items easily. The company is headquartered in Tyler, US, and has raised USD 4.00 mn in Series B funding in March 2013, with a total amount raised of USD 4.00 mn to date. Brandon Mitchell serves as the CEO of the company.iPawn specializes in providing a seamless platform for consumers to sell their gold for cash from the comfort of their homes. The company's core service revolves around facilitating the sale of various gold items, including rings, necklaces, earrings, bracelets, coins, and gold bars. iPawn streamlines the process by offering free, insured FedEx pickups, allowing customers to safely send their gold items for valuation. Once the gold is evaluated, customers receive payment quickly, typically within three days, either via bank transfer or PayPal. iPawn primarily serves individual consumers across the United States, with an emphasis on creating an effortless selling experience for those looking to convert their gold assets into cash.iPawn's revenue model is structured around direct-to-consumer transactions, where individuals receive cash for their gold items. Upon utilizing iPawn's services, customers engage in a straightforward process: they describe their gold, arrange for a free pickup, and receive payment following an evaluation. This transactional method hinges on the acquisition and resale of precious metals, with iPawn positioning itself as a competitive buyer in the marketplace. The company's service offerings include the evaluation and purchase of a wide range of gold items, leveraging its partnerships to ensure secure and insured transactions. By providing a rapid and reliable payment mechanism, iPawn aims to attract a steady stream of customers seeking immediate liquidity through their gold sales.Following the Series B funding round in March 2013, which raised USD 4.00 mn, iPawn is looking to enhance its service offerings by introducing new technologies to improve the valuation process of gold items. The company is also considering expansion into additional geographic regions within the United States, aiming to reach more customers effectively by the end of 2014. The recent funding will be utilized to develop these new products and support the planned expansion into new markets.

## Funding rounds

- Series A, May 5, 2010, $1.5M — Daylight Partners, Access Ventures Fund

## Investors

- Daylight Partners (https://capitalatlas.ai/funds/daylight-partners) — Series A
- Access Ventures Fund — Series A