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Copious Raises $5M in Funding

Social marketplace scores first round of venture capital.
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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.

About the author

Olga Munoz
Olga Munoz is editor of TheOnlineSeller.com. In addition to writing news and feature articles about e-commerce, selling trends, online marketing and other topics of interest to online sellers, Olga manages the site's social media efforts. A journalism graduate of Chico State, Olga says her favorite part of being a journalist is learning interesting facts that help put stories into perspective, attending industry events and meeting interesting people "that leave you smiling, even in tough situations." Opinions expressed here may not be shared by The Online Seller and/or its principals.