About VarageSale
VarageSale is a company based in Toronto (Canada) founded in 2012 was acquired by VerticalScope in November 2017.. VarageSale has raised $34 million across 5 funding rounds from investors including Lightspeed Venture Partners, VerticalScope and Sequoia Capital. VarageSale has completed 1 acquisition, including Pampered Piglets. VarageSale offers products and services including VarageSale App. VarageSale operates in a competitive market with competitors including eBay, Adevinta, 58City, Karrot and Craigslist, among others.
- Headquarter Toronto, Canada
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34 M (USD)
in 5 rounds
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Latest Funding Round
$34 M (USD), Series B
Apr 02, 2015
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Investors
Lightspeed Venture Partners
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
VerticalScope
(Nov 08, 2017)
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Products & Services of VarageSale
VarageSale offers a comprehensive portfolio of products and services, including VarageSale App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for community-based buying and selling of items locally
Funding Insights of VarageSale
VarageSale has successfully raised a total of $34M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $34 million completed in April 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $34.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2015 | Amount | Series B - VarageSale | Valuation | Sequoia Capital , Lightspeed Venture Partners | |
| Mar, 2015 | Amount | Series B - VarageSale | Valuation |
investors |
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| Jul, 2014 | Amount | Series A - VarageSale | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VarageSale
VarageSale has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, VerticalScope and Sequoia Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage investments are focused on by Floodgate in US startups.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VarageSale
VarageSale has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pampered Piglets. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online communities are facilitated for sharing and discussing topics.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - VarageSale
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Varagesale Comparisons
Competitors of VarageSale
VarageSale operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Adevinta, 58City, Karrot and Craigslist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Multi-category second-hand products are traded via an online P2P marketplace.
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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| domain | founded_year | HQ Location |
Multi-category second-hand products are traded on an online marketplace platform.
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| domain | founded_year | HQ Location |
Online classified forum
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about VarageSale
When was VarageSale founded?
VarageSale was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is VarageSale located?
VarageSale is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is VarageSale a funded company?
VarageSale is a funded company, having raised a total of $34M across 5 funding rounds to date.
What does VarageSale do?
VarageSale was founded in 2012 in Toronto, Canada, as an online marketplace in the e-commerce sector focused on second-hand items. Users are connected with local communities to facilitate buying, selling, and interactions. The platform operates for free and is accessible via its website at varagesale.com, along with mobile applications on iOS, Android, and Kindle. Millions of members are served across the US, Canada, and other global regions.
Who are the top competitors of VarageSale?
What products or services does VarageSale offer?
VarageSale offers VarageSale App.
How many acquisitions has VarageSale made?
VarageSale has made 1 acquisition, including Pampered Piglets.
Who are VarageSale's investors?
VarageSale has 7 investors. Key investors include Lightspeed Venture Partners, VerticalScope, Sequoia Capital, Floodgate, and Inovia Capital.
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