Airbnb’s Storefront receives additional USD7.3 million funding
Today, Airbnb’s Storefront has taken in USD7.3 million led by Spark Capital, reported TechCrunch. This was after the AngelPad-backed startup has received seed funding valued USD1.6 million last summer.
Big brands and independent sellers find it easier to sell their products through Storefront without having to undergo hassle with building stores or leasing spaces.
Along with the new funding received by Storefront, the general partner of Spark Capital, Mo Koyfman, would join the board of directors of the company, reported TechCrunch. The company’s previous investors included Great Oaks Venture Capital, Sand Hill Angels, BoxGroup, 500 Startups and Mohr Davidow Ventures.
Storefront operates to have those who own empty real estate spaces in highly populated areas and merchants who do not want to make investments in building a physical store right away. Like Airbnb that serves as a marketplace for those who wish to rent their homes to others, Storefront allows those who have business spaces to be rented out by sellers on a temporary basis, reported TechCrunch.