# VarageSale

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

- Industry: Internet
- Headquarters: Toronto, Canada
- Website: www.varagesale.com
- Total disclosed funding: $34M
- Latest round: Series A (Apr 2, 2015)
- Investors on record: 7

## About

VarageSale, Inc. is a digital marketplace enabling local buying and selling, primarily functioning as an online platform for garage sales. It fosters community connections while ensuring user safety through identity verification.Founded in 2012 in Toronto, Canada, VarageSale, Inc. operates a digital marketplace that allows users to buy and sell items locally. The company was co-founded by Jose Amor and Tami Zuckerman-Mercier. In November 2017, VarageSale was acquired by VerticalScope Inc. The company has successfully completed 5 deals, with the most recent funding round being a Series A in which it raised USD 34.00 mn from investors including Floodgate, Inovia Capital, Lightspeed Venture Partners, Sequoia Capital, and Version One Ventures. The company's CEO is Robert Bolen.VarageSale operates a digital marketplace designed for local buying and selling, predominantly functioning as an online garage sale platform. Users can list items for sale and browse products offered by others within their community. The platform emphasizes safety and trust by requiring users to verify their identities through Facebook, creating a community-centric environment. It caters to families looking to declutter, budget-conscious shoppers seeking bargains, and environmentally-conscious consumers interested in sustainable purchasing practices. VarageSale serves various markets, including the United States and Canada, with a strong presence in urban and suburban communities.VarageSale generates revenue through transaction fees from its marketplace, where users engage in direct buying and selling of items. Operating on a peer-to-peer transaction model, individuals can list items and negotiate prices directly with potential buyers. While specific pricing structures are not disclosed, transactions typically involve a variety of household goods, clothing, and recreational items at diverse price points. User testimonials reflect effective usage of the platform for selling unwanted items and discovering deals, contributing to overall transaction volume and potential revenue generation.In November 2017, VarageSale, Inc. was acquired by VerticalScope Inc., which may influence its future growth strategies. The company aims to enhance its platform and explore new products tailored to user needs. Specific plans for entering new geographic markets, particularly in the United States and Canada, are expected to unfold as the company leverages its recent funding to support these initiatives.

## Funding rounds

- Series A, Apr 2, 2015, $34M — Lightspeed Venture Partners, Hong Shan, Inovia Capital, Floodgate, Version One Ventures
- Series A, Jul 1, 2014 — Hong Shan, Inovia Capital, Floodgate, Real Ventures, Version One Ventures
- Seed, Nov 2, 2013 — Inovia Capital, Floodgate, Real Ventures, Version One Ventures
- Seed, Mar 1, 2013 — BDC Capital, Inovia Capital, Real Ventures, Version One Ventures

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Seed, Series A
- Real Ventures — Seed, Series A
- Version One Ventures (https://capitalatlas.ai/funds/version-one-ventures) — Seed, Series A
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed, Series A
- Hong Shan — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A