Online marketplace Copious recently got a belated birthday present that should make its founders very happy.
The social marketplace that integrates with Facebook turned 1 this year, and recently secured $5 million in Series A funding from Foundation Capital, Google Ventures and Relay Ventures. This money will help the company operate for up to 24 months. According to news reports, all three companies were initial investors in Copious.
Jonathan Ehrlich, one of the marketplace’s founders, told The Online Seller when Copious launched that the company was trying to take the anonymity out of buying online by allowing users to learn about potential buyers and sellers through Facebook and Twitter.
“People are moving away from anonymous and fake to real and social,” he told us.
Copious targets consumers who are 18 to 40, adds Jim Rose, the company’s CEO, noting that this segment doesn’t have a lot of experience selling online on venues like eBay, which are geared toward an older audience.