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Storenvy Secures $5m Funding on the Back on Crowd-Curated Social Marketplace Launch

Storenvy, one of our favourite “new-generation” custom storefront builders that is also a social shopping marketplace, and that sports a distinct Etsy like feel, has just secured $5 million in funding led by Intel Capital with Spark Capital.

Last month, Storenvy launched a crowd-curated social marketplace, that has helped drive a 1000% increase in sales. This, combined with the success, interest and money swirling around lookalike Etsy right now, the Storenvy round of funding make sense.

Written by
Dr Paul Marsden
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Digital wellbeing covers the latest scientific research on the impact of digital technology on human wellbeing. Curated by psychologist Dr. Paul Marsden (@marsattacks). Sponsored by WPP agency SYZYGY.